The commercial real estate recovery, like the rest of the economy, had a late spring slowdown. “We had a strong first quarter and a softer second quarter as investors became concerned about sovereign debt issues,” says Janice Stanton, senior managing director of Capital Markets for commercial real estate broker Cushman & Wakefield.
Commercial real estate brokers and researchers see a similar stall in momentum. The strongest activity is still confined to a few large cities, but large parts of the rest of the country are still working out the wreckage of the real estate crash.
Read more...Fits and Starts for Commercial Real Estate Volume via NREIonline.com
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