Commercial real estate recovery to begin second-half 2010 according to Jones Lang LaSalle’s U.S. National Economic and Property Outlook
Highlights:
• Leasing demand levels to bottom in fourth quarter 2009, remain stagnant in 2010
• Marketed rents will fall another 5 to 7 percent in 2010
• National office vacancy to near 20 percent by late 2010
• Investment transaction volumes set to increase up to 50 percent
• Limited cap rate compression expected in coastal markets
• Bank commercial real estate loan delinquencies to surpass 10 percent by second quarter
• Conservative CMBS rebirth in 2010
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Global Market Perspective - November 2009
Now that the global economy largely has moved into recovery, the stage is set for a global commercial property comeback that will begin in 2010 and expand in 2011. In this edition, we look at the global economy and global property markets, and then give our outlook for the year ahead.
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