Aug
06

Commercial Property Execs Expect More Bad News

By
– Reuters

* 93% say real estate values are lower than last year
* 82% say values will continue to deteriorate

An overwhelming majority of U.S. commercial real estate executives believe their industry is suffering and expect it get worse, according to a survey by the Real Estate Roundtable released on Wednesday.

Some 93 percent of the 120 chief executives, chairmen, presidents, board members and others polled said commercial real estate prices are lower than they were a year ago, according to the Roundtable, which represents commercial real estate owners, developers, lenders and managers.
ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://www.reuters.com/article/bondsNews/idUSN0526358420090805

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