Sunday, November 15, 2009
Commercial Real Estate Outlook Darkens
Posted by: Scott Graulich
Even as the residential real estate market begins to stabilize, albeit at prices far below peal levels and with crucial help from a homebuyers tax credit, economists and bankers are bracing for the fall-out from a dramatic bust in the commercial real estate sector. In the Mountain West, the pain is being felt in the resort market and in some over-built urban areas, such as Idaho’s Treasure Valley, though Denver and many of the fast-growing small cities in the region may avoid the worst.
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