The Commercial Real Estate Forecast

Industry Insiders See More Pain Ahead

By Steve Christ
Thursday, August 6th, 2009

 

dead mall

 

Here's a great video on the current state of commercial real estate.

It's an interview with Barry Goslin that appeared on CNBC yesterday.

An industry insider, Mr. Goslin has a few choice things to point out about the sector and none of them are positive.

Roll the tape....












 

By the way,according to this story in Reuters, an overwhelming majority of U.S. commercial real estate executives believe their industry is suffering and expect it get worse.

Mr.Goslin is hardly alone.

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