Real Estate Investment Company Predicts Fast Turnaround for Commercial Real Estate

Real estate investment giant Prudential Real Estate Investors is predicting that the struggling commercial real estate market in the country will recover much more quickly than during a similar downturn in the 1990s. Prudential said they are “relatively optimistic” about a faster turnaround for hotels, apartment buildings, retail space and office buildings. “Last time it took five years for real estate values to go down to where they bottomed… We’ve done that now in about two years,” a manager of the Prudential Global Real Estate Fund told reporters in New York. “So we are going to see a faster recovery, a faster write-up in the market.” He also said that a lack of new construction largely due to tougher lending standards for developers would contribute to a faster turnaround by keeping new commercial real estate from affecting the market for up to five years. He cited current rock-bottom commercial real estate rents as another contributing factor that would help the turnaround by enticing tenants who will open new businesses and expand existing ones. Prudential did cite one threat to a commercial real estate recovery, which is jobs. They said that unless companies began hiring again, they would have little reason to seek out larger spaces to accommodate their needs and open new branches. While it has taken some hits like most other markets across the country, the Louisville commercial real estate market is in better shape than most are. If you’ve been looking for a new space to open a new business or a larger space to grow your business, you have come to the right place. No one has a better selection of Louisville commercial real estate than Louisville Properties, and we offer a wide range of customizable services to meet your needs. Call us today at 502.744.9504 to speak with the leader in Louisville commercial real estate! Resource link:

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James Powell

Jim Powell has over 20 years of experience buying and selling luxury real estate in Louisville, KY and Managing over hundreds or rental properties across the city.
Jim Powell (License #191501)

Lauren Ghanavatian

Lauren Ghanavatian attended Assumption High School and the University of Louisville. Growing up in Louisville gave her a sense of the unique and diverse communities this city has to offer.

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Louisville Properties is a full service Louisville Real Estate Company for buyers and sellers of real estate. We offer the following services
3418 Frankfort Ave #100 Louisville, KY 40207 Louisville, KY 40207
United States
Phone: 1-502-744-9504

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