Should be interesting to watch what happens over the upcoming months....
US commercial real estate prices may fall as much as 5 percent in the next 12 months amid tightened regulations, a wall of debt maturities, and property sales by publicly traded landlords, Pacific Investment Management Co. said in a report Monday.
Signs of a cooling real estate market have emerged across the country since the start of the year. Commercial-property values in big US cities, which have seen the largest increases during the recent boom, have declined 3 percent in the past three months, Moody’s Investors Service and Real Capital Analytics Inc. said in a June 6 report.
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