With the exception of cash transactions, investment activity in commercial real estate sectors is nearly at a standstill because commercial lending has essentially halted, while job losses are curtailing the demand for space, according to the latest Commercial Real Estate Outlook. Lawrence Yun, NAR chief economist, said there are serious structural problems in commercial lending. The NAR forecast covers the office, industrial, retail and multifamily markets.
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http://www.realtor.org/press_room/news_releases/2008/commercial_real_estate_outlook_dampened?&WT.mc_id=LS010709&CAT=Comm
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