Retail R.E. In Dire Straits - C and W Predicts Worst Yet to Come
Commercial Property News reports: The retail market took a beating in 2008 and with the ongoing recession and anticipation of further job loss, the United States retail property sector is in for more trouble, according to a new report by Cushman & Wakefield's Retail Industry Group.
On the valuation side of the retail property sector, given the credit crunch and the great disparity in pricing by buyers and sellers, the numbers are equally discouraging. Citing research from Real Capital Analytics, the C&W report notes that retail investment activity plummeted 72 percent in 2008 to $19 billion.
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Posted by: Nina Turner