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/ 83.5.208.* / 2009-08-05 10:51
Kolejna odsłona kryzysu - nieruchomości komercyjne.
The second quarter of 2009 saw leasing and sales conditions across the U.S. office market plummet at a rate unforeseen in previous analysis by CoStar Group, Inc. In particular, CoStar confirmed that the value of Class A office buildings has declined by 57% compared with prices paid at the peak of the market in 2007.
In addition, office-leasing activity is off 39% from year-ago levels and all but three U.S. office markets posted negative net absorption over the first two quarters of 2009.
“The degree and speed at which these changes in market fundamentals have occurred are staggering,” noted CoStar Group’s President and CEO Andrew C. Florance." Florance noted that, on an inflation-adjusted basis, the average price per square foot buyers paid for office properties had enjoyed an 11-year run-up beginning at the end of 1996 to their peak in the third quarter of 2007. In the past six quarters, U.S. office buildings have lost more than half their value.
The bigger the transaction, the more emphatic has been the sales volume collapse from their peaks. The number of closed office sales of $5 million or less declined an average of 58% from their peaks, while the number of sales involving office properties for $50 million or more have dropped more than 91% from their peak, Florance said.