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Risk Avoidance May Rule 2012 CRE

CHICAGO-The slow steady growth predicted for next year, for most sectors besides multifamily, will result from safe investment, according to a JLL Outlook Webinar Thursday.

By Robert Carr | Updated on December 09, 2011

CHICAGO-If it wasn’t for that pesky European crisis, as well as lagging fundamentals such as low housing sales and high unemployment, commercial real estate professionals would likely be out dancing in the streets by the end of this year. These factors, at least for the property sectors of office, industrial and retail, were dampened in the second half, and instead of dancing, picture maybe a mild, sitting cheer predicted for the coming year, according to Jones Lang LaSalle’s 2012 Outlook Webinar on Thursday.

While everyone has already heard the prediction of slow, steady growth for 2012, it’s heartening to think about where sentiment was at the end of 2009, when any thoughts of upward movement were greeted with dancing. And there are positives out there, said Benjamin Breslau, managing director of Americas research for JLL.

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