RE Research Firm Thinks Commercial Is Recession-Resistant
The National Real Estate Investor, an industry magazine focusing on publicity, research, etc., says that as a sector, commercial seems to be holding up. Obviously, we can take a recession if things don’t get all haywire. This makes it sound like things might not. However, the trade war, low interest rates, low investment in renewables and other tech to combat China’s rise, and other matters might complicate our being able to reverse out of it. Your thoughts?
To quote the first paragraph:
Sebastian Obando, Staff Writer |
The commercial real estate market remains strong, despite talk of an approaching recession, according to an Emerging Trends in Real Estate 2020 report produced by the Urban Land Institute (ULI) and consulting firm PwC and released at this week’s ULI fall meeting. “Real estate is in a very good space,” said Mitch Roschelle, partner and business development leader with PwC, at the event. “The real estate community caused two recessions: it caused it in housing, and it caused it in the savings and loan crisis. This go-around, whatever happens, it ain’t going to be [real estate’s] fault.” |