Canada’s real estate markets are seen escaping the worst of the U.S. credit collapse but are not immune to lower demand

(Source: Reuters)

The U.S. commercial real estate market, slammed by the credit squeeze and recession, is likely to hit bottom in 2010, according to a survey of industry investors, developers, lenders and consultants.

Commercial real estate values will fall 40 percent, on average, from their peaks in mid-2007, and up to 50 percent in some sectors, according to the 2010 edition of Emerging Trends in Real Estate, released on Thursday by the Urban Land Institute and PricewaterhouseCoopers LLP.

It will be the worst commercial real estate decline since the Great Depression, eclipsing the 1990s savings-and-loan crisis, according to the report.

Read Nick Zieminski’s full article “US commercial real estate to bottom in 2010-survey” in Reuters (November 5, 2009)

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