The other shoe has not dropped. During the housing crisis, many people asserted that commercial real estate was the other shoe waiting to drop. Commercial real estate loan defaults did rise along with residential defaults, but the commercial sector never went down enough to throw the financial system into crisis.
Now the non-residential real estate sector is showing some signs of life. Downtowns across the country are seeing occupancy increases, though the majority of suburban markets are still languid. In the boom years, many suburban office properties were occupied by real estate and title companies, which have since downsized significantly.
Read more...Commercial Real Estate Forecast: 2012-2013 - Forbes