Commentary: REIT prices indicate office real estate to drop

01/28/2008 | MarketWatch

Shares of real-estate investment trusts have proven to be a good predictor of which way commercial real estate prices will go, writes Herb Greenberg for MarketWatch. Because of this, Greenberg suggests buyers sit tight because prices are about to fall. "The public market is saying the drop is going to be dramatic," says Mike Kirby, chairman and research chief for Green Street Advisors, a REIT specialist.

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