Office Demand Is Down, and So Are the Deals
The New York Times reports: The credit crisis and recession crushed deal making in office buildings in 2008.
From January through December, there were just 1,410 transactions nationwide, valued at $49.3 billion, versus 4,410, valued at $207.2 billion, for the corresponding period in 2007, according to the latest data from Real Capital Analytics, a research company. It predicted that sales would total $53 billion to $55 billion for all of 2008, further below a recently reduced forecast of $61 billion.
View the full article on The New York Times: Office Demand Is Down, and So Are the Deals
Posted by: Nina Turner