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The Decline of the Commercial Real Estate Industry
from:The real estate is divided into three classifications, and commercial real estate is one of these classifications. The other two are residential and industrial real estate. Commercial real estate, as the term implies, refers to the type of real estate that is used for business purposes. Properties that are considered commercial real estate are retail properties, office structures, shopping malls, hotels, warehouses, production facilities, apartments and the likes. Other than these, any kind of land that will be utilized for the possible development these kinds of structures will also be referred to as commercial real estate. With exception of single-family residential real estate and single-family residential lots, almost every structure can be considered commercial real estate.
Unfortunately, many experts revealed that the status of commercial real estate is declining in the United States. Commercial real estate industry has dramatically fallen during the recent years. As a matter of fact, the value of commercial real estate, which is in possession of huge pension funds, dramatically collapsed by 2.5 percent during the third quarter of 2003 as reported in boston.com. This data can be retrieved as well from the MIT Center for Real Estate. According to the MIT Center, this finding may serve as a potential indicator that the residential real estate market is poor, which in turn affects the commercial real estate industry as well.
Studies have also revealed the decline in the rate of investment in commercial real estate. Accordingly, this trend in the market was not evident in the past four years. A good number of experts have revealed that this phenomenon is primarily the result of scarcity in capital. No less important to note, this constraint in capital is a major factor that explains the decline in the market of commercial real estate. With the discouraging commercial real estate market trend, investors and lenders are losing confidence in the real estate industry, and this will truly affect the productivity of the industry.
Truly, worried and unconfident investors and lenders are counterproductive towards the economy as a whole. As a matter of fact, Bloomberg reported that investors hold back the closing of transactions due to the fear that the values of commercial properties will be shrinking in the near future. On the other hand, a fall by five percent is anticipated in the following two years to come. However, the fall in commercial properties that was predicted depends on the type, quality, and location of the properties. Undoubtedly, the present poor status can be attributed as well to the steadily rising cost of living.
Real Estate Transactions Specific links
Real Estate Transactions News
GOP activist asks tenure panel to review judge's real estate transactions - Detroit Free Press
 Legal News Line | GOP activist asks tenure panel to review judge's real estate transactions Detroit Free Press By Dawson Bell A veteran Republican activist and court watcher asked the Michigan Judicial Tenure Commission to investigate a series of real estate transactions conducted by state Supreme Court Justice Diane Hathaway that he said appear to have been ... Complaint filed against Mich. SC justice over allegations State Supreme Court Justice Diane Hathaway keeps mum as more property ... |
Real estate transactions -- May25 - Columbus Ledger-Enquirer
Real estate transactions -- May25 Columbus Ledger-Enquirer Stephen A. Melton to Kent Cost; map & parcel 173-002-010 and 173-002-010H; plat book 99, page 23; deed book 10569, page 183; $1100000 Douglas Wesley Pahl and Donna Joiner Pahl to Gregory R. Miller; 2912 Wingfield Drive; $560000 Buck Investment Co. |
NAR Reports Increase in Commercial Transactions in 2011 - LoanSafe
NAR Reports Increase in Commercial Transactions in 2011 LoanSafe (Source: NAR) - WASHINGTON, DC WASHINGTON, DC Realtors® specializing in commercial real estate reported an increase in transactions in 2011, as well as a rise in their median gross annual income, according to the 2012 National Association of Realtors® ... All Commercial Real Estate Sectors Continue to Improve, Multifamily Strong NAR: All Commercial Real Estate Sectors Gaining Ground |
Real estate transfers - Rome Sentinel
Real estate transfers Rome Sentinel The following real estate transactions have been filed in the County Clerk's office. The purchase price is as listed on the cover sheet of the deed. Annsville, Lot 1, Creek Road, Christmas and Associates Inc. to Anthony P. Peszka, $95000. |
OREA endorses bill to enhance electronic real estate transactions - EMC St. Lawrence
OREA endorses bill to enhance electronic real estate transactions EMC St. Lawrence "Enhancing legal protection for electronic agreements of purchase and sale will allow consumers and realtors to benefit from technology that makes real estate transactions more efficient, accessible and secure," said Ron Abraham, OREA President. |