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Keller Williams First Atlanta
200 Glenridge Point Pkwy
Suite 100
Atlanta, GA 30342
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Adriana West (Keller Williams First Atlanta): Real Estate Agent in Roswell, GA
Minority Business Enterprise Certified

Projections for the Commercial Real Estate Market

Real Estate Econometrics predicts that the Commercial market is due to experience the same increase in defaults as happened in the Residential market for the past two years – or even more.  They project a default rate of 4.1% in the fourth quarter of this year, up from the current 2.3%, and peaking at 5.3% in 2011 – well more than doubling commercial defaults.  This is a natural extension of the downturn in the economy: people spend less, businesses stop making money and start defaulting on their loans.

Adriana has helped save dozens of clients from financial disaster in the Residential market.  The Commercial market will soon be in dire need of her talents.  The Short Sale process is a difficult and highly technical one, something Adriana has mastered thoroughly.  Her expertise in this area will be crucial in this changing market.

There is no doubt that the US Recession of 2008-2009 had profound effects on the commercial real estate market.  According to the National Association of REALTORS 2010 overview and outlook report, the commercial real estate markets continue to lag the recovery of the Great Recession.  Property prices, sales, and demand have declined, while foreclosures, rent reductions, and vacancies have been on the increase.  Furthermore, loan defaults, distressed properties, and difficulty obtaining financing are current realities.

While the report cautions taht both the US economy and commercial real estate continue to face risks, NAR forecasts a gradual recovery of the commercial real estate market over 2010-2011 on a lagged basis.