Soros predicts big drop in commercial real estate. Do you agree?
http://www.nasdaq.com/newscontent/20090327/Soros-predicts-big-drop-in-comm ercial-real-estate.aspx
Famed investor George Soros is reportedly predicting a significant drop in the commercial real estate market.
A Bloomberg news report quoted Soros as telling a forum in Washington this week that commercial real estate "has not yet fallen in value," and that some transactions suggest that some properties "will drop at least 30 percent."
Best Answer
541 points
NYInvestor answered 8 months ago …
I totally agree! We've already seen prices drop by up to 20% - 25% here in New York City. The new rule of thumb for those buying/leasing commercial real estate here in New York is: "everything's negotiable!". So if this is any indication of what's going on in the rest of the country then I definitely think it's probable.
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