Oct
22

Charleston Commercial Real Estate Experts Offer Different Market Outlooks

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– scbiznews.com

Local industry leaders at the Charleston Trident Association of Realtors’ commercial market forecast today highlighted positive indicators amid tough times. But the event’s keynote speaker painted a picture of protracted gloom on the national level.

Everett Allen Greer, managing member of Greer Advisors in Los Angeles, said that “2011 is going to be a terrible year.” The U.S. economy and the real estate industry will not recover until financial markets improve, he said.

In the past, Greer said supply and demand drove the economy. Now that’s not the case.

“The fundamentals today are financial fundamentals,” Greer said. “They have nothing to do with supply and demand. … It’s everything to do with who can get a loan and who can’t.”

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