Only 10 percent expect things to improve this year, and more than half are betting the market won’t turn around until the second half of 2010, according a new survey by LoopNet Inc., an Internet marketing firm.

“There is general agreement on the timing of an increase in transaction volume across brokers, investors and owners, although slightly more investors expect an increase to wait until 2011,” LoopNet said in the new report issued Thursday.

Most real estate industry players predict “significant” further declines in commercial property values this year – 10 to 20 percent, LoopNet said after querying 2,000 people

Just-released property market studies estimate that commercial values have already dropped more than 30 percent.

Not surprising, the folks who already own buildings are the most optimistic.

“Among owners, 28 percent believe that pricing has bottomed out already or will decline by 5 percent or less,” the report said. “This compares to only 19 percent of investors.”

Most real estate industry members predict that commercial prices won’t bottom out until late this year at the earliest.

Investors said that apartments offer the best opportunity for long-term gain.

One Response to ““Commercial real estate execs expect long wait to recovery””

1. JOSE CALDERON on August 15th, 2009 12:28 am

   HOW DO YOU COMPARE/CONTRAST FINDING APARTMENT BUILDING DEALS BY SEEKING OUT BANK REO’s versus SENDING LETTERS TO APARTMENT OWNERS FOR 100% OWNER FINANCING? I AM CURRENTLY ENROLLED IN A COURSE THAT STRONGLY ENCOURAGES THE OWNER FINANCING APPROACH.. THANKS.

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