Numbers from Delta Associates and Real Capital Analytics indicate the volume of distressed commercial real estate properties has been at a standstill around $186.9 billion for a number of months, according to this GlobeSt.com article.
On one hand, this plateau is positive since the volume of distressed properties isnb t getting significantly higher. But looking toward the future, Delta Associates expects the volume of distressed properties wonb t start to go down until 2012.
As GlobeSt.com reports,
b To that end, Delta notes that the distress plateau began in the spring, but it doesnb t foresee any meaningful progress until 2012, as lenders continue to extend debt obligations, and commercial property values are stabilizing in many markets.b
Do you see the plateau as good or bad news for the commercial real estate industry? Leave a comment to share your thoughts.
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Tags: commercial real estate, CRE, distressed properties, expectations, volume plateaus
