Cushman & Wakefield says early U.S. commercial real estate recovery unlikely

Cushman & Wakefield today released its bi-monthly Economic Pulse report, which analyzes the current economic conditions in Asia, Europe, and North and South America. In particular, the report looks at how regional inflation and deflation affects commercial real estate investments in the different continents. According to the report, the U.S. is not experiencing a recovery in the commercial market and will be unlikely to show an uptick in activity until later this year or early in 2010.

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The Asian real estate market, meanwhile, is showing “solid growth trajectories due to good demographics” according to the release, and is “well on its way to recovery” across the continent. Europe’s outlook could be harder to determine, according to the Cushman report — inflation and deflation trends will be more volatile in the real estate market there and “strategies will clearly need to vary market to market,” the report says. TRD

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