Commercial Market Boom & Bust - This graph tells it all
Can you say “BUBBLE”?
Here is a bar graph of US Commercial Property Sales closed from January 2000 to June of 2009. It so clearly tells a tale of Boom and Bust. A picture is so worth 1000 words.
Interestingly the peak is earlier than you might think. It is centered around April of 2005 - April of 2006.
This graph is taken from the just released First American CoreLogic “Commercial Market Monitor” August 2009. Get your copy here.
No-Hype Commercial Real Estate Training| Follow me on Twitter for the latest
Comments (2)
It will definitely get worse before it gets turned around. Current investors have to dig in and hang onto their properties. I have heard some horror stories of people due to refinance their commercial loans and being turned down by everyone so end up walking away from the property. I do not know if this is exactly what the banks are striving for or what?
Dale Osborn, about 15 years ago
It would be interesting to see an updated chart Dike! I suspect that things have tended downward since then!
Bryan Hancock, about 15 years ago