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Real Estate


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January 5, 2009

Commercial real estate in for a rough year in '09

  • Markets will struggle with rising vacancy rates, weak or no rent growth, and a choke hold on credit that could push a number of property owners into foreclosure.
    • By J.W. ELPHINSTONE
    AP Real Estate Writer

    NEW YORK — The balance of power between landlords and tenants will shift dramatically in 2009.

    For landlords, this promises to be a year of intense competition, more bankrupt tenants, and tightfisted lenders. For renters, it looks like a time of abundant choices and tiny — if any — price increases.


     
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