CHICAGO, IL, Sep., 30, 2009 - (by Tom Vincent, CCIM) The headline in a recent Chicago Tribune Business Section reads, “Downturn Over”. The Fed Chairman has read the signs and the economy is beginning to move forward again. Sounds like really good news doesn’t it? However, I have some doubt if the recession is over for commercial real estate. In speaking with colleagues in CRE brokerage, we may be seeing the “tip of the iceberg.”
I’ve caught various snippets of conversation regarding problems with commercial real estate that have me questioning what the next few years will bring. Various sources speak of “clogged pipelines,” inflation, tough new lending requirements, etc. A crystal ball would definitely come in handy right now! However, I think we can sift through the various articles and come up with a reasonable estimation of what is probably in the future. Once we can make a reasonable estimation, we should be able to devise an investment strategy.
After the jump you’ll find some excerpts from recent articles in both the general and industry news offering competing ideas of where we really. Are. Take a peek, and share your thoughts and interpretations of what you’ve come across as well. The idea is to get a conversation going about turning our common situation into a positive advantage.
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Tags: bernanke, commercial, economy, Fed, in the news, investment, lenders, real estate, recession