Are Commercial Real Estate Values Going Up or Down?
Posted by Super Admin on
Are Commercial Real Estate Values Going Up or Down?
It’s hard to go very long without hearing a financial talking head predict the next real estate crash. Whether it’s vacant office buildings in major cities, retailers closing stores, or concerns about interest rates, attention-grabbing headlines often leave commercial property owners wondering: “Is the value of my property going up or down?”
During my 53 years in the real estate business, I’ve seen several major market cycles. Historically, significant declines in Florida commercial real estate values have usually been caused by events outside our local market. The oil embargo of the 1970s, the Savings & Loan crisis of the 1980s, and the Great Recession of 2007-2009 are just a few examples. The…
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