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Economy will continue to weigh down the commercial real estate sector this year -

Published on Monday, January 04, 2010
By JACK KATZANEK


The economy will continue to weigh down the commercial real estate sector this year, but a company with a heavy presence in Inland Southern California believes the free-fall is probably over.

Grubb and Ellis Co., which offers leasing and investment services for commercial tenants and builders in Riverside and San Bernardino counties, is predicting demand for commercial space will be flat in 2010. The company's 2010 forecast suggests more declines this year, but also that a bottom is in sight.

The Inland economy did show some signs of stabilizing in November and December, but few are bullish about employers in the region adding significant numbers of new jobs in 2010. That means it is unlikely they will need additional office or warehouse space.

Job growth forecasts for the area vary, but the consensus suggests there will be little growth   Read Full Article...

 
 

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