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Past Won’t Be Prologue for Commercial Real Estate: Analyst

Commercial real estate values will probably move differently than they did after the 2008 financial crisis because this crisis is so dissimilar, says Omar Eltorai, market analyst at real estate data firm Reonomy. So reports

Eltorai says that “on one hand” a more troubling macroeconomic outlook than 12 years ago could portend “deeper and longer pricing declines.”

On the other hand, he notes, investor demand for commercial real estate is healthier than in the previous crisis, with plenty of “dry powder." That will likely support prices more strongly than the last time around, he says.

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