Paul Kedrosky in Investing, Products and Trends, Recession 12 December 2008
As investors unravel out of commercial-real estate equities, commercial real estate is poised to follow the residential housing market in an “apocalyptic” tumble.
So says my guest, investor and “Infectious Greed” blogger Paul Kedrosky. Weak retail sales also are hurting commercial real estate. In some cases anchor stores, such as Starbucks, are closing and taking the fate of an entire retail complex down with them. Some urban regions are experiencing commercial vacancies of 15 percent to 20 percent.
The Coming Commercial Real-Estate Crash
ReplyDeletePaul Kedrosky in Investing, Products and Trends, Recession
12 December 2008
As investors unravel out of commercial-real estate equities, commercial real estate is poised to follow the residential housing market in an “apocalyptic” tumble.
So says my guest, investor and “Infectious Greed” blogger Paul Kedrosky. Weak retail sales also are hurting commercial real estate. In some cases anchor stores, such as Starbucks, are closing and taking the fate of an entire retail complex down with them. Some urban regions are experiencing commercial vacancies of 15 percent to 20 percent.