Home | Business News | Browse by Publication | I | Indianapolis Business Journal

Real estate recovery elusive: developers heeded lessons from early ''90s slump, but can''t conquer tepid demand.

Publication: Indianapolis Business Journal
Publication Date: 30-DEC-02 		Format: Online - approximately 1031 words
Delivery: Immediate Online Access

Article Excerpt
This time is different.

That's how commercial real estate experts assess the current slump afflicting their industry compared with the one that gripped markets in the early 1990s.

And when they say different, they mean better.

What's missing is the sense of recklessness that defined commercial real estate throughout the 1980s and into the early '90s. An industry the Wall Street Journal once called "the drunk driver of the economic highways" has learned to put on the brakes when warning signs appear, instead of charging ahead like an accident waiting to happen.

Today's commercial real estate market is certainly no picnic for developers, brokers and others who make their living off bricks and mortar. Office vacancy rates are flirting with the 20-percent mark--nearly double what they were just a few years ago--rental rates are sliding and construction activity is all but at a standstill.

"The fundamentals are not being tampered with now," said...

Read the FULL article now - Try Goliath Business News - FREE!   
You can view this article PLUS...

  • Over 5 million business articles
  • Hundreds of the most trusted magazines, newswires, and journals (see list)
  • Premium business information that is timely and relevant
  • Unlimited Access

Now for a Limited Time, try Goliath Business News - Free for 3 Days!
Tell Me More   Terms and Conditions

Get Goliath Business News for 1 year - Just $99 (Save 65%)
Tell Me More   Terms and Conditions

Already a subscriber? Log in to view full article



More articles from Indianapolis Business Journal
Commercial vacancy rates. (Economic Indicators)., December 30, 2002
Construction activity. (Economic Indicators)., December 30, 2002
Escalade Inc. (Proxy Corner)., December 30, 2002
'Spyware' may be lurking hidden on your computer. (Return On Technolog..., December 30, 2002
Builders Association offers scholarships., December 30, 2002

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.