The Emerging Trends in Real Estate 2010 study released last week by PricewaterhouseCoopers and the Urban Land Institute predicted 2010 will be a buyer's market in commercial real estate. Survey respondents predicted commercial property prices will sink 40% to 50% below their 2007 peaks. "Our report participants find that a sense of nervous euphoria is growing among liquid investors who can make all-cash purchases," said Stephen Blank, ULI's senior resident fellow for real estate finance.

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