The Trends: Gloomy Confidence Pummels Transaction Value
Commercial Property News reports: The shaky economy has bruised the retail sector, as jittery consumers keep a tight rein on their expenditures and investors examine the market with a more cautious eye. To that end, third-quarter retail property sales transactions totaled $3.4 billion, a staggering, year-over-year drop of 80 percent, according to Capital Trends Monthly. In fact, sales volume for the entire year will probably come in lower than that tallied during just the first half of 2007.
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Posted by: Nina Turner