- December 2011: Vol. 23 No. 11

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The Road Ahead: A Look at How U.S. Real Estate Might Perform in 2012

by Loretta Clodfelter

As 2011 draws to a close, it becomes clear that the year has been a mixed one for real estate investors. And looking ahead to 2012, there continues to be considerable uncertainty for investors in commercial real estate.

The U.S. economy is still recovering from the global financial crisis. Third quarter gross domestic product (GDP) showed growth of 2.5 percent at an annualized rate, according to the preliminary estimate from the U.S. Bureau of Economic Analysis — not terrible, of course, but not strong enough to push the U.S. economy to pick up the slack in the system.

“The most significant trend facing the property and investment markets is slow economic growth and modest job gains. The U.S. economy will most likely not enter another recession, but the outlook calls for a slow-growth environment as compared to past recoveries,” says Asieh Mansour, head of Americas research with

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