More Rough Times Ahead As Weakening Economy Impacts Real Estate SectorA Special report by Raymond Wong, Executive Director, Americas Research Operations, regarding doing business in the Americas, as it appeared in CB Richard Ellis, in February, 2009.
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Article Summary
In the U. S., real estate markets ended 2008 with a thud. Virtually all sectors experienced increases in available space and softening asking rents, while property sales activity stalled, as both buyers and sellers entrenched their negotiating positions. In Canada, market fundamentals are starting to show weakness, underscored by a slight increase in sublease space in the office market. Vacancy and availability rates are up in almost every asset class. Across Latin America, market fundamentals, for the most part, remained stable, but a prolonged economic slowdown will drive vacancy rates higher.
Entire Article: Doing Business in the Americas: More Rough Times Ahead As Weakening Economy Impacts Real Estate Sector
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