Apr
03

Greenville Buyers Aren’t Finding Deals on Commercial Real Estate

By
– Greenville News

The weakening economy slowed the flow of commercial real estate transactions nationwide to a trickle last year.

Only $17 billion of major apartment, industrial, office and retail properties changed hands during the fourth quarter last year, amounting to an 80 percent drop from fourth quarter 2007, the Mortgage Bankers Association said.

Commercial property sales volume for the whole year was down 69 percent, according to the MBA.

Commercial real estate sales in Greenville County dropped 36.5 percent in 2008, according to Greenville Property Pulse.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://www.greenvilleonline.com/article/20090403/BUSINESS/904030325/1001/NEWS01

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BLOG NOTE:
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It is always nice work work with Angelia Davis and the Greenville News. The complete report, which compares non-residential sales in Greenville County from 2006 to 2008 will be available soon on http://www.GPpulse.com. The study breaks down the sales trends by property type as well.
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Michael Dodds
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