Leupp: Continue to avoid suburban offices

07/8/2010 | Forbes

Commercial real estate investors would do well to continue to avoid suburban offices for at least another year, Grubb & Ellis Executive Vice President Jay Leupp says in a video interview with Real Capital Analytics' Peter Slatin. Right now, this category has a 20% vacancy rate and is facing a four- to five-year recovery, he says. "So it's probably going to be a year or two before we get interested in that space to play it from an early stage," he says.

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