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Real estate markets will fluctuate over the coming year, but the general direction is still up as fundamentals are unlikely to weaken substantially, and actions by the Federal Reserve and other policymakers eventually take effect. Demand for office space was off from 2005/2006 levels as the national economy slowed and hiring declined in 2007. Warehouse rents increased throughout 2007 matching the growth rate recorded in 2006. Retail spending trended down for much of 2007, but still managed to eke out positive year-over-year growth. As investors became more risk adverse, spreads increased dramatically for all forms of commercial real estate.
Contact Ross Moore at 617.722.0221 for more information.
  US Real Estate Review 2008.pdf
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