While commercial real estate has remained soft during this housing market crash, it has not crashed like the residential space. Part of the reason is many banks renegotiated their terms with various building owners because of those buildings go down, the banks go down.
There has been very little information in the main stream press about the state of the commercial real estate business. In fact, I would say it was looking like it might be recovering faster than residential real estate. However, commercial will also be tied to how many new jobs are created in the economy and will the consumers continue to spend – thus the need for Class A office space and retail space…and of course if the economy starts to grow again, industrial and warehouse space will also be needed.
So what’s going on with the REITs? Wall Street rallied huge yesterday as had a nice bump today, but many of the REITs are getting hammered. The Wall Street Journal takes a look at what might be going on in the commercial real estate space.
- NAI Global’s Commercial Real Estate Dictionary (stamfordreworld.wordpress.com)
- REIT Investments Combine Real Estate and Stocks [Investments] (lifehacker.com)
- Infographic Highlights Key Findings About Commercial Real Estate Websites (prweb.com)
- Commercial Real Estate: Out of Intensive Care, but Still in Recovery (prweb.com)