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The Next Economic Tipping Point

Ok, of late, the stock market's been interesting, housing sales have been picking up speed somewhat (it is the Spring home buying season, afterall!), and some economists are anxiously looking for good news in the first quarter of 2010, or maybe even by the fourth quarter of this year.  All good news...

By Andrew B. Zezas | Updated on June 18, 2009

Ok, of late, the stock market’s been interesting, housing sales have been picking up speed somewhat (it is the Spring home buying season, afterall!), and some economists are anxiously looking for good news in the first quarter of 2010, or maybe even by the fourth quarter of this year.  All good news, right!  While I prefer to be an optimist, we must be very careful not to overlook one very, VERY important possibility….The Next Economic Tipping Point!

We all know that office and industrial leasing demand in most markets around the U.S. is way down, and that retailers have closed a lot of stores, making some shopping centers sad places to hang out.   Some commercial landlords, many of whom are holding on to their buildings, white-knuckled, in anticipation of a hoped-for early recovery and a resulting uptick in demand for commercial space, are moments away from losing, or giving back, their buildings to lenders.   Lenders are poised to foreclose on defaulting loans, and many are fearful of the volume of failed buildings that may come there way, for which they may likely be unprepared. 

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