The Next Hole In the Economy Commercial Real Estate

Drunk on credit, bad investment, or another victim?  Nevertheless which you think is behind the next hole in the economy is Commercial Real Estate is in trouble.  Reported by the Huffington Post, Commercial Real Estate is the next item on the hit list for failure.  This is the latest tradegy of our recovering market, or market correction as some would say.   

While the economy is starting to show signs of recovery the Commercial Real Estate market is telling us we are not out the woods yet.

Over 150 billion in Commercial properties are in distress in 2009 alone. Check out the stats.

Office Vacancy Rates

District of Columbus 10%, followed by New York, Chicago, and Miami; which are all over 10%.  The national average stands at 16.5% and is expected to grow to 18.2% by 2010.