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Commercial property market to hit rock bottom next year:PWC

Posted on 22 October 2008

From Financialweek.com: Commercial real estate will bottom out in 2009, flounder in 2010 and begin a slow recovery in 2011, according to a report on emerging real estate trends.

“Commercial real estate has only just begun to correct, it’s way behind everything else,” Jonathan Miller, a partner at real estate consultancy Miller Ryan, said during a conference call regarding the report, which was put out by the Urban Land Institute and PricewaterhouseCoopers….. Full Article: Source


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