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Article: 'This Time it is Different' - The Five Most Dangerous Words in Real Estate? ULI's Mid-Year Real Estate Forecast Cuts to the Chase.
- Article from:
- PR Newswire
- Article date:
- May 1, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. 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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WASHINGTON -- Although the U.S. economy appears to recovering from the mild recession, most sectors of real estate will continue to feel the pinch for the next 12 months, according to the Urban Land Institute's (ULI) mid-year Real Estate Forecast.
With the exception of housing, real estate performance will likely lag behind the economy, the outlook says, cautioning that rising vacancies coupled with declines in commercial rents and property values have reduced profitability for many owners. Several ULI members provided industry insights for the report, which included a member survey. "This is a market dominated by players with a great deal of capital, short ...