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When Will Commercial Real Estate Recover?
November 16, 2009 - Sylvia Heldreth
Commercial real estate transactions are an important component of the economy. LoopNet, the largest online marketplace for commercial real estate properties, said a new survey showed most of its real estate professionals who are members don't expect a recovery in the market until 2011. The 2009 LoopNet Pulse Poll said the number of respondents that think commercial real estate transactions will rebound in 2011 jumped to 46 percent, compared to 13 percent in its third quarter survey. And 50 precent said they anticipate a rebound in 2010, which is down from 66 percent in the survey taken in the third quarter.
Investors were slightly more pessimistic in the fourth quarter and had a median expectation of recovery timing that's about one quarter later than that of brokers and owners, said LoopNet.
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