Commercial Real Estate Slowing Down
August 11, 2008
Some initial reports are in that indicate that commercial real estate is slowing down. This can primarily be tied to 2 contributing factors: tightening credit, and an overall economic slowdown resulting in less demand for commercial spaces. As a result, many commercial real estate developers are pulling back on their current developments, and are either putting them on hold – or phasing them out altogether. One interesting twist to this, is that some very wealthy real estate investors are seeing this as an opportunity to tap into their credit, despite the market conditions, to expand and make some purchases that they feel will pay off in the long run. They view it as a temporary slow down – and the the economy, real estate market, and the US Dollar will all bounce back.
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