Commercial mortgage market to bottom out in 2011
February 1st, 2011 7:51am
| Share This |  |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
|
 |
 |
 |
While the national economy appears on its way to recovery, a recent report finds that it may take the commercial real estate market another year to turn around.A study by Prudential Real Estate Investors says that the commercial mortgage market will hit bottom this year with $2.9 trillion in lending, and then begin rising in 2012 to reach $3.3 trillion by 2015.
"The availability of debt is a critical element of the commercial real estate market," said Jack Taylor, managing director at PREI. "As commercial mortgage volume nears the bottom of the current cycle, we will begin to see activity pick up."
Despite the struggles in the market, a number of recent reports have said that for the time being, trophy properties in the Houston real estate market and other select cities will continue to drive the market in the coming months.
As lending in the market continues to stabilize, prices have already begun to rise. A report from Moody's Analytics earlier this month found that commercial property prices in the U.S. grew 0.6 percent in November - the third consecutive monthly gain.
Related News Articles in Commercial Real Estate
- U.S. commercial real estate sales volume finishes 2012 on solid footing
While the single-family real estate industry saw significant improvements in 2012, the commercial real estate market was no slouch either, new data suggests.February 15th, 2013 4:31am - Commercial real estate investors set to lower expectations
In a sign that may indicate investors have run out of patience with the pace of recovery in the commercial real estate industry, a new analysis suggests they are ready to take on a revised mindset as far as expectations concerned.February 11th, 2013 4:48am - Commercial sector surges forward
While Houston homes have been purchased with great alacrity, the same can be said for the commercial sector as well, breathing new life into the Houston real estate climate.February 4th, 2013 5:03am - Houston named one of the must-watch markets of 2013
While many local residential and commercial markets across the country continue to struggle, Houston was recently recognized as one of the top real estate markets to watch in 2013.October 18th, 2012 10:26am - Houston hotel industry rebounds
When cities have a large presence of hotels, this is often an indicator of a strong economy.September 28th, 2012 11:38am
My Account
Log in, to view your saved searches and add to your favorite listings.
Forgot your password? Click here!
... So You Can:
- View detailed property information
- Print detailed property flyers
- Save your searches & favorite homes
- Inquire about a private showing
- Map individual property locations
- Share your favorite homes with friends
