Grubb & Ellis Releases Annual Forecast

Grubb & Ellis has released its annual forecast for 2010. Long story short, recovery won’t arrive until 2011. Here is the summary of the forecast for the various sectors:

• Investment Sales – Commercial Real Estate Investment Transaction Volume to Grow in 2010
• Office – Vacancy Rates Will Reach Modern-Day Record
• Industrial – Recovery in Sight
• Retail – Sector Faces “New Normal”
• Multifamily – To Benefit from Boomers’ Babies

The full report for at both the local and national levels are available to download here.

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