National Office Market Report 4Q08

It's safe to say that the commercial real estate world has changed dramatically in a very short period of time. If you happen to have a viable business that is capable of executing leases or purchasing facilities, what a great time to be in the market. Landlords are giving concessions on leases we have not seen for years and submitting proposals to tenant brokers before the tenant has even toured their location! As for purchasing facilities, you still need approximately forty percent of the purchase price in cash to get any decent financing and the banks still want full recourse loans. This should change in the near future and I certainly hope it does sooner than later. The following report will give you an idea of where office rents around the country are headed: http://www.newmarkkf.com/Uploads/FileManager/Market%20Reports/national_office.pdf