Troubled Assets are Here – And What Can We Do About It?
Come to Us for Central Massachusetts Commercial Real Estate
The adage of "what goes up must come down" has come home to the commercial real estate market. We've seen recessions before - remember the late 80's and early 90's with thrift takeovers, foreclosures and fire sales? And the early part of this decade after the dot com bust?
Here's what happened in the office market from the first quarter of 1995 through the 3rd quarter of 2008. Notice the spike in the trend line occurred in a short period of time - 2005 to 2007. During that period a lot of properties transferred at higher prices than the trend. They've come down just as rapidly - and now we see problems.
Is there "an answer"? Probably not. On the other hand, click to read full article
This article contributed by Robert Yale, CCIM. bobyale@svn.com
Central Massachusetts Commercial Real Estate