Grubb & Ellis Releases 2010 Commercial Real Estate Forecast

By | Environmental Sustainability

Grubb & Ellis Company, one of the largest commercial real estate services and investment companies, released its 2010 Real Estate Forecast, expecting the recovery of commercial real estate to begin in 2011. “The national economy has begun a slow and cautious recovery, but the labor market, which often lags the broader economy, will turn around only gradually with sustained improvement unlikely before the second half of 2010. Because commercial real estate lags the labor market, it still has a ways to go before reaching its own low point,” said Bob Bach, senior vice president, chief economist of Grubb & Ellis. Read More