Commercial Real Estate Remains Sound
SOURCE: The Star / ReutersDespite the residential market real estate problems, the U.S. commercial real estate business remains solid, as stated in a new report by accounting firm Deloitte and Touche.
"The Real Estate Capital Markets Outlook for 2008," to be released Tuesday, mentions that even though the growth may be slow over the last several years might have allowed commercial property to be doing compared to 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."
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