Although residential real estate in the US is being hit hard with oversupply, and mortgage defaults, commercial real estate is expected to do well.
The U.S. commercial real estate business remains solid, despite residential market woes and a souring economic outlook, according to a new report by accounting firm Deloitte & Touche.
"The Real Estate Capital Markets Outlook for 2008," to be released Tuesday, said that while the pace of deals and growth might slow, the industry's relatively restrained building over the past several years might allow commercial property to continue performing well compared with other investments.
"The message is, don't panic," said Dennis Yeskey, national director of Deloitte Consulting LLP's real estate capital markets group and an author of the report. "Commercial real estate is not the next shoe to drop." Article.
Keep a close watch on financial news to see the fall out from the residential mortgage crisis.
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The real estate in commercial filed carries some extra unique quality as compared to other firm.
Commercial Real Estate
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