02 Sep 2009Blog

U.S. commercial property boom decades away: report | Reuters

by Jonathan

The level of U.S. commercial real estate deals seen in the boom years of 2005 through 2007 may take a generation to return, according to a report by real estate services company Jones Lang LaSalle Inc JLL.N.

U.S. commercial real estate sales in the first half of 2009 totaled $16 billion, down 80 percent from the same period a year earlier and off 93 percent from the market peak of $231.4 billion in the first half of 2007, according to the firm’s U.S. Mid-Year Capital Markets bulletin, released on Wednesday.

U.S. commercial property boom decades away: report | Reuters.