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Article: Watch for trends to lead us out of storm. (real estate industry) (Review and Forecast, Section I)
- Article from:
- Real Estate Weekly
- Article date:
- June 24, 1992
- Author:
CopyrightCOPYRIGHT 1992 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Though certain regions and products are faring better than others, the real estate industry appears likely to remain in a down cycle for at least two more years - and not fully recover until the mid-90's or so.
That's the clear consensus among the membership at IREM, and it underscores the need for real estate professionals to be especially vigilant in planning for the rest of the decade. To help guide your decision making, here are a few key trends we see on the horizon:
* Construction, except for niche markets, will remain stagnant until demand catches up with supply. The boom 1980's produced 5 billion square feet, as many square feet of building as ...