Pricing

Owners are more optimistic than investors. Among owners, 28% believe that pricing has bottomed out already or will decline by 5% or less. This compares to only 19% of investors. The reverse holds true at the other end of the pricing spectrum, with 28% of investors expecting declines of above 20%, whereas only 19% of owners are that pessimistic. Brokers lie in the middle between the two, with 18% expecting 0-5% declines and 19% predicting greater than 20% declines.

When will prices hit bottom?

There was no clear consensus on when pricing will hit its lowest level, although the majority (60%) does expect it to occur between Q4 of ’09 and Q3 of 2010, with a slight bias toward the first half of this time period. Very few respondents believe that we have seen the end of price declines. A substantial number (17%) are expecting to continue to see declines through 2011.

Loopnet produced an informative poll which surveyed owners, investors & brokers. Good information on national opinions. We like the thought that prices will bottom out Q4 ’09 or Q1 ’10.

http://www.compasscommercial.com/Home/Current_Listings/Hot_Properties_Intro_page/

Here’s a blog set up by the staff and brokers of Bend Oregon’s Compass Commercial Real Estate Services. We’re looking for faster, more interactive ways to take part in the conversation…especially in these really dicey economic times. Join our conversations please.

I’ll start things off by putting a link here to our latest commercial newsletter on the state of commercial real estate market here in Central Oregon.
http://www.compasscommercial.com/Home/Points/index.html
Carla