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CRE from a Banker’s Perspective January 28, 2011

Posted by Erik Swanson in Articles, Research/Data.
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With the increased leasing and sales activity locally, we’ve reported a new sense of optimism that has carried over from the 4th quarter of 2010. Four weeks into the new year and we remain bullish.  True, the activity in this “new normal” market environment is cautious, but we believe that demand remains tremendously pent-up.  Assuming we continue to see positive signs in the broader economy the possible “X-factor” to the trajectory and speed of a continued CRE recovery could be in large part in the hands of the lenders. Unfortunately,  many bankers don’t seem to share our sense of optimism. Costar has compiled 4th quarter earnings statements from 9 of the nations largest banks. See what the bankers are saying here.

Banks reported that commercial real estate markets displayed mixed results – still mostly negative – but that leasing markets and investment exhibited increasing signs of recovery, while non-residential construction remained weak.

 

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