Expectations & Market Realities in Real Estate: 2010
Real Estate Research Corporation (RERC), Holliday Fenoglio Fowler (HFF), and Real Capital Analytics (RCA) say that 2010 will be the best time in many years to buy well-priced institutional-quality commercial real estate, in their Expectations & Market Realities in Real Estate 2010: Crossing the DivideThe Passage to Recovery.
Partnering for the first time to produce this annual forecast report, the three firms have drawn on their respective capabilities to thoroughly examine today۪s commercial real estate market, conduct a thorough analysis of the best research available, and more importantly, offer their expert interpretation and projections for investment real estate for the rest of 2010 and beyond. Findings indicate that the momentum for commercial real estate, which lags other investment alternatives, is starting to shift upward.
According to Kenneth P. Riggs, president and CEO of RERC, "The past decade has served up some tough lessons about acting on our gut instincts and about what makes sense and what simply does not fit with sustainable practices. But for investors seeking to seize market opportunities, 2010 is time to gear up for a possible once-in-a-lifetime opportunity to snag key long-term investments in commercial real estate.