Published March 17th, 2010 by Mickey
Commercial Real Estate the Flip Side of Residential — for Now
But the market shows signs of slowing with the U.S. economy
LAS VEGAS – While the housing market suffers through one of the worst downturns in decades, the commercial property sector is thriving in many markets.
But economists see some signs of moderation in the commercial property business. And a slowdown in the U.S. economy could put the brakes on commercial building.
“Commercial typically follows the national economy,” said Lawrence Yun, chief economist of the National Association of Realtors, at the industry’s conference this week in Las Vegas.
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