Search
 

NAI Sees RE Opportunity Along with Challenge

NEW YORK CITY-Economist Peter Linneman says the inevitable recession was deepened by the federal government's confidence-sapping management of TARP.

By Paul Bubny | Updated on February 05, 2009

NEW YORK CITY-Amid projections that the next 12 months will mean “another year of challenge and slack demand,” Jeffrey Finn and his colleagues at NAI Global nonetheless offered reasons for optimism. Presenting the company’s annual global forecast to an audience at the New York Athletic Club Thursday morning, the NAI president and CEO said that demand would start ticking up again in 2010 amid a slowdown in delivery of new product.

All in all, Finn said, “This presents a unique window of opportunity for our industry.” He added that “this is the time we see to make money”–at the bottom of the market, not the top.

Nonetheless, Finn emphasized that what started as a malaise in the subprime market has long since become a global contagion. “Almost everybody in the world is feeling pain; it’s only a matter of degree,” he said. Dr. Peter Linneman, NAI Global’s chief economist, pointed out that the recession has hit Europe and Asia harder, because those regions have slower fundamental growth to begin with.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.