Things Are Looking Up: This Could Be the Beginning of a Recovery
The rumblings are beginning … a few encouraging developments here, a few positive signs there; it seems the commercial real estate industry is primed for a comeback. Things are moving slowly, but the patient is off life support — although a long way from healthy. But after a near-death experience, expectations are tempered and there exists an appreciation of the little things, such as improving capital markets and revitalized transaction activity. While a number of risks remain, the best industry news in 2010 and heading into 2011 is “the worst is behind us.”