NEW YORK CITY-So how much, really, does the commercial real estate industry need to worry when Federal Reserve chairman Ben Bernanke ultimately pulls the trigger on the unwinding of quantitative easing? On a macro basis, as we reported on Monday, the economic recovery, which has never exceeded a snail's pace, will continue on its tip-toe path, Fannie Mae predicting a slight slowing in the rate of recovery from 2.3% down to 2%.
We also reported that REITs might feel the pinch if investors decide to clear out for vehicles offering higher returns. But we've turned to veterans whose job it is to read the tea leaves and work on those predictions, and their projections carry the same message: There's little to worry about. On the next few pages, you'll hear from experts at Avison Young, CBRE and Trepp:
“I've been predicting for two to three years that, in terms of interest rates, there was only one way to go,” Mark Rose, chairman and CEO of Avison Young, tells GlobeSt.com. He also said that when that time came, “most everyone would not be ready.”
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
