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Post Info TOPIC: Commercial Real Estate in Worse Condition Than Residential
TW


Learning to Fly

Status: Offline
Posts: 49
Date: Jul 24 17:23:22 2009
Commercial Real Estate in Worse Condition Than Residential


According to the latest statistics, commercial real estate values have fallen approximately thirty-five percent since the latter part of 2007.  As of now, there seems to be no stopping the rate of decline, with the month of May dropping over fifteen percent in value.  Distressed properties are said to be the main contributing factors.


Commercial real estate prices have fallen much more than residential real estate prices.


According to David Geltner, who led the study, stated, The worst is clearly over in terms of the transaction price drop....Of course, arrival at a solid bottom does not guarantee that the market wont 'fall through' into a negative bubble'. But that seems unlikely given the amount of capital poised on the sidelines of the property market, at least provided that the real economy doesnt take another nose-dive.


Although many parts of the United States are showing signs of a distress, residential areas like the La Jolla real estate market and the San Diego real estate market are showing signs of recovery, with prices and home sales on the rise.



-- Edited by TW on Friday 24th of July 2009 05:38:37 PM

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