Is The United States Headed For A Commercial Real Estate Crash Of Unprecedented Magnitude?
source: http://theeconomiccollapseblog.com/archives/is-the-united-states-headed-for-a-commercial-rea...
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- Revelation1217
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Will commercial real estate be the next shoe to drop in the ongoing U.S. financial crisis? While most eyes are on the continuing residential real estate disaster, the reality is that the state of the commercial real estate market in America could soon be even worse. Very few financial pundits are talking about this looming disaster but they should be. The truth is that U.S. commercial property values are down approximately 40 percent since the peak in 2007 and currently approximately 18 percent of all office space in the United States is now sitting vacant. That qualifies as a complete and total mess, but the reality is that the commercial real estate crisis is just starting.
