Chris Burrow Burrow says an understanding of the cycles is key to making informed investment decisions.

DALLAS—Many in the commercial real estate industry have experienced repeated real estate cycles. As the current real estate expansion approaches its ninth year, a common question that professionals, investors and lenders are asking is how much longer will this current expansion period last or is history going to repeat itself?

For insight, it is important to understand the phases of real estate cycles and how to recognize them. Chris Burrow, founding partner and CEO of Range Realty Advisors LLC, says this is essential to making informed decisions related to real estate investments. To begin, the four phases of the commercial real estate cycle mirror the phases of the broader US economy, Burrow says.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.