“The most amazing thing about the investment market in 2007 was that it started out with so much investor confidence and ended in a near panic,” according to a report issued in December by New York-based real estate research firm Real Capital Analytics Inc.
The credit crunch that hit with full force in September was “one of the most abrupt disruptions to ever hit the commercial real estate capital markets,” the report says, “marking the end of an incredible five-year bull market.”
Under such circumstances, it would be easy to offer dire predictions about the coming year. But Real Capital cautions against such knee-jerk reactions, noting that nationwide rents are “solid” for the four largest commercial real estate sectors: apartment, industrial, office and retail.
“Don’t forget to look at the positives in the new year,” the report says.
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