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February 27, 2008

All Business: Commercial real estate fears overblown

  • Sure, tightening credit and a slowing economy are leading retailers to close stores and prices are expected to fall for office towers and malls, but it's not as ominous as some investors are making it out to be.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — Some on Wall Street are betting that commercial real estate will turn out to be the “next subprime” mortgage mess. Not necessarily.

    Sure, tightening credit and a slowing economy are leading retailers to close stores. Yes, architects are seeing a noticeable decrease in demand and prices are expected to come down for office towers, malls and warehouses.


     
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