Commercial property to bottom out next year, PwC survey finds
The bad news for commercial real estate is that it's not going to find a bottom until 2010, based on the results of a survey by the accountants PricewaterhouseCoopers. The good news is that for buyers with money to invest, there are going to be great opportunities between now and then, the survey found. Susan Smith, director of the firm's real estate advisory service, said 2010 is "going to be a very challenging ownership period, but if you have the cash and the dollars to do deals, you're going to do very, very well next year."
Reuters | 11/05
This story published in ICSC SmartBrief on 11/06/2009
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