Friday, April 10, 2009

Commercial Real Estate Stormwatch

As I've mentioned before, look out for the upcoming crash in the Commercial real estate market. In a story posted at The Wall Street Journal yesterday..."Commercial landlords continue to lose retail tenants at an accelerating pace, indicating that the industry's troubles are worsening. The amount of occupied space in U.S. shopping centers and malls declined a net 8.7 million square feet in the first quarter of 2009, more than the total amount of space retailers gave back to landlords in all of 2008 and any other year in recent history." And this is just the start.

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