04/09/2010

3 Out of 4 Executives Expect Commercial Property Values and Rents to Keep Falling in 2010

Increased unemployment has resulted in less demand for office space, reduced rents, and an overall decline in commercial property values

 

Roughly three-quarters of executives expect commercial property values (76 percent) and asking rents (73 percent) to continue to fall in 2010, according to a survey conducted by Deloitte.

 

About three-quarters (74 percent) of executives expect interest rates to rise in 2010; 48 percent expect rates to increase by 50 basis points or more.

 

Almost two-thirds (63 percent) of executives surveyed predict that a full recovery of the market will require 2 to 3 years, while 29 percent believe a full recovery will take 4 years or longer. Only 8 percent anticipate a full recovery within the next year.

 

“The commercial real estate market continues to be adversely affected by one of the deepest recessions in decades,” says E.J. Huntley, principal at Deloitte Financial Advisory Services LLP and national leader of the real estate consulting practice. “Increased unemployment has resulted in less demand for office space, reduced rents, and an overall decline in commercial property values.”

 

Connectrac wireways offer discrete power and technology connectivity in open interior spaces of all kinds; affordably, quickly and with long-term flexibility.



When choosing a metal-clad building for your next construction project, consider Morton Buildings, Inc., and their designBUILD team, we’ll make your dream a reality.

Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.

Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.

We Can Help You Reduce Energy by 30%

Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
CLICK HERE to find out how.


Mitsubishi Electric’s H2i R2-Series heat pumps provide 100% heating capacity down to 0° F and simultaneous heating and cooling down to -4° F delivering year-round comfort, regardless of climate zone.

Connectrac wireways offer discrete power and technology connectivity in open interior spaces of all kinds; affordably, quickly and with long-term flexibility.



When choosing a metal-clad building for your next construction project, consider Morton Buildings, Inc., and their designBUILD team, we’ll make your dream a reality.

Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.

Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.

We Can Help You Reduce Energy by 30%

Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
CLICK HERE to find out how.


Mitsubishi Electric’s H2i R2-Series heat pumps provide 100% heating capacity down to 0° F and simultaneous heating and cooling down to -4° F delivering year-round comfort, regardless of climate zone.

 
comments powered by Disqus

Related Products

Sponsored Links