Regions West | Los Angeles
Chill Spreads From Residential to Commercial Sector
Dec 4, 2007
Source: LA Times

Not content to place the residential sector in turmoil, the global credit crunch is now having its way with the commercial real estate market. According to an article in the Los Angeles Times, commercial is starting to feel the pinch -- even in hot markets like Southern California.

A falling stock market, shrinking dollar, and growing concern about recession are to blame, the article says. However, the expansion of businesses -- and the subsequent rental of more space -- continues to make rental markets competitive in hot areas, taking away some of the pinch.

 
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