One minute you hear commercial real estate is in the dumps…the next it’s at record surges. It’s so hard to tell the truth.
The Real Estate Washout That Wasn’t
Brian Louis and David M. Levitt, On Friday February 11, 2011, 8:08 am EST
From Manhattan office towers to Florida apartment buildings to retail properties in Washington, commercial real estate values are rising, defying predictions made as recently as February 2010 of a collapse that would drag the U.S. economy back into recession. Prices of commercial properties sold by institutional investors surged 19 percent in 2010, the second-biggest gain on record, according to an index developed by the MIT Center for Real Estate.