Thursday, November 1, 2007

Commercial Real Estate Market Slowing

From New York Business:

“Leasing business in the third quarter slowed as tenants remain wary of committing to new commercial leases amid Wall Street's credit woes.”

From Commercial Property News:

“A slowing economy should cool down the U.S. commercial real estate market in 2008, but the four main real estate sectors should remain relatively healthy next year, according to key Grubb & Ellis Co. executives…”

From Wall Street Journal (subscripition):

“The amount of sublease office space available to tenants increased nationally for the first time in five years, an indication that commercial leasing is slowing in many markets across the U.S.”

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