The commercial real estate industry, like any other, is no stranger to the struggles of business during the US economic downturn.
As detailed in our last blog post, “Are We in the Third or Fifth Inning of the Commercial Real Estate Game?”, the economy’s impact on commercial real estate is twofold. First, everyone has less money to spend. But, second, businesses are laying off employees. And fewer employees means a decreased demand for commercial office space.
This article from PropertyWire.com suggests “it will be survival of the fittest going forward” in the commercial real estate industry. But, the future can actually be bright for those who are able to survive.
They say that strong investors will be able to capitalize on buying opportunities that emerge as loans default and distressed assets increase.
Read more about how these buying opportunities could lead to a bright future at the end of the tunnel in this article:
Bargain prices could help US commercial real estate market recover
- Mark Gossman, Minnesota Real Estate Broker