Harvey Green: Vacancies to fall quickly when economy turns

10/14/2009 | CNBC

The fact the building cycle has been at a standstill for some time lays the foundation for a swift commercial real estate recovery, said Harvey Green, president and CEO of Marcus & Millichap Real Estate Investment Services. "It's a debt crisis, not a real estate crisis," he said. "The building cycle hasn't been there. ... When the economy turns, we're going to see vacancies go down fairly quickly."

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