Most of us in the industry have seen the clouds gathering on the horizon. As vacancies rise, rents fall, values drop and mortgages come due, a perfect storm has unleashed itself on the commercial real estate market.
As the commercial real estate market enters 2011, there is no clear picture that it has hit bottom nor is there a consistent indication of what the future will look like.
No doubt, these are challenging times. With losses so widespread, few financial institutions will be left untouched by the commercial mortgage mess. However, with challenges, come opportunities.