U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 01-19-2009, 08:58 AM
 
3,283 posts, read 4,758,060 times
Reputation: 753

Advertisements

Has the string of corporate bankruptcies, store closures and mounting vacant inventory resulted in price/rent declines? What is the best deal you can get on office space and retail space in your region?
Reply With Quote Quick reply to this message

 
Old 01-19-2009, 06:44 PM
 
3,853 posts, read 11,857,297 times
Reputation: 2521
Not sure really if there has been any lowering of rent or prices but I do know that many commercial REITs like malls, warehouses etc have taken a pretty big beating.

Prologis down 80% from a year ago - industrial distribution
General growth properties down 96% from a year ago, almost near bankruptcy - retail/mall
Developers Diversified Realty down 80% from a year ago - retail/mall

Same story for many other commercial REITs.
Reply With Quote Quick reply to this message
 
Old 01-19-2009, 07:36 PM
 
28,453 posts, read 73,510,312 times
Reputation: 18485
The situation with the REIT really reflects the melt down in traditional lending sources for thes kinds of ventures -- AIG went kersplat and the collapse of Lehman Brothers / take-over of Bear Sterns meant that ability to put together MONEY for REITs' mere existence / function (and day-to-day these guys need LOTS of liquidity...) become orders of magnitude more difficult...

Prices move more slowly, due to the fact that cash flows are not the only valuation. Some stuff is doing OK in terms of vacancies, other places are a nightmare -- malls that were unlucky enough to have space devoted to three or more bankrupt stores are hard to reposition on short notice. Longer term the shear amount SPACE that is unoccupied MAY actually give the operators MORE flexibility in shifting the whole mall to a different use, but that takes TIME.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 09:01 PM.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top