Commercial real estate

Andrew Cannarsa
About 90 percent of top executives within the commercial real estate market have a “bearish” industry sentiment, according to a national survey conducted by global law firm DLA Piper.

The majority of respondents — 60 percent — report the current credit crisis has now eclipsed the savings and loan crisis of the late 1980s and early 1990s as the event with the single greatest impact on the commercial real estate industry during the past 20 years.

The survey measures the attitudes and perspectives of 424 top executives within the commercial real estate industry.

The majority of all respondents — 62 percent — don’t expect the real estate markets to stabilize until 2010, and 22 percent don’t expect to see stabilization until 2011.
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