Thursday, March 18, 2010

MIPIM 2010: US improvement

Wisconsin Real Estate MBAs report from MIPIM 2010:

Panel: USA—A Trillion Dollars of Maturing Debt: Impact, Resolution, and Opportunity

An overall feeling of cautious optimism is widespread throughout the U.S. real estate market as some transactions are starting to take place, although almost all of those transactions are in the core asset arena. Major improvement in the overall real estate market is dependent on job growth. While job losses have slowed dramatically in the United States recently, it is believed that job growth is not likely to occur until late 2010. In addition, improvement in commercial real estate fundamentals such as increased occupancy and rental rates will likely lag the onset of job growth by 12 to 18 months.

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