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.”

 


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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.


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.

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.

 

Add highly responsive multi-zone comfort to any building project, in any climate. Our CITY MULTI H2i R2- and Y-Series VRF systems give you flexibility to fit the needs of any building. Enjoy 100% heating capacity at 0°F outdoor ambient, and 85% heating capacity at -13°F outdoor ambient.  For more information, log on to www.mitsubishipro.com


Tennant Company is a recognized leader in designing, manufacturing and marketing solutions that help create a cleaner, safer, healthier world. With thousands of satisfied customers already using award winning ec-H2O technology, why not see what you're missing? Test ec-H2O on your soils in your facility. Get a free demo.


Tennant Company is a recognized leader in designing, manufacturing and marketing solutions that help create a cleaner, safer, healthier world. With thousands of satisfied customers already using award winning ec-H2O technology, why not see what you're missing? Test ec-H2O on your soils in your facility. Get a free demo.

 

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