It is going to be a tough slog for the commercial-real-estate industry, says Moody's Investor Service. U.S. commercial-property values overall are expected to see sluggish growth in coming years, even dropping some next year. By 2015, the firm projects that office values will rise just 1.3%.
The restrained outlook comes as job growth has been slow, hundreds of billions of distressed commercial mortgages are coming due and landlords must sign leases in a relatively low-rent environment...............................................Full Article: Source
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