Commercial Real Estate Experts Pretty Bearish on 2010
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An article from the Mortgage Bankers Association finds some less than rosy expectations for commercial real estate in 2010. Approximately three of every four commercial experts surveyed expect the following in 2010:
Rents to decline
Interest rates to rise
60 percent expect a full market recovery to take two-to three years with 29 percent expecting a full recovery to take four years or more.
Lots of pain yet to endure in the commercial segment.