Commercial property sales in the U.S. this year are likely to fall to their lowest level in 18 years, according to research firm Real Capital Analytics. About $16 billion worth of commercial transactions will occur this year, the lowest volume since at least 1991, said Dan Fasulo, managing director at Real Capital Analytics, and Sam Chandan, chief economist of Real Estate Econometrics. The commercial mortgage default rate more than doubled in the second quarter, hitting 2.88 percent, and could hit 4.1 percent, the highest level since 1993, by the end of this year.
Commercial sales to hit lowest level in 18 years
September 11, 2009 09:12AM
September 11, 2009 at 10:00 am, Anonymous said:
Makes sense. A sharp drop in rents combines with a rise in cap rates have/will crush these seller who keep holding out for bubble prices.
September 20, 2009 at 12:31 am, Anonymous said:
There is no “home run” deal. You buy now- you lose your $
September 13, 2009 at 4:54 pm, Anonymous said:
No one is going to sell unless they’re force too. And no one is going to buy unless it’s a “homerun” deal.
September 29, 2011 at 8:23 pm, Tisha said:
Stands back from the kebyraod in amazement! Thanks!