What a difference a year makes.
A year ago, commercial real-estate executives were feeling better about the market. A recovery looked like it was on the horizon.
And then things changed.
Now caution is back among those same executives, according to a new survey by KPMG LLP slated to be released Wednesday. Rather than growth, those executives are talking about cost-cutting and holding onto profits in the next two years.
Read more...Caution Returns in Commercial Real Estate, KPMG Survey Finds - Developments - WSJ