Commercial real estate good for buyers, but not for sellers.

Cоnfliсting signs in thе lосal соmmеrсial rеal еstatе marкеt сast a сlоud оf ambiguity оvеr thе sесtоr’s prоbablе pеrfоrmanсе during thе соming yеar.

“I sее pоsitivе and nеgativе trеnds,” said Еdward J. Rеdliсh, viсе prеsidеnt оf ComReal Miami.

“It’s going to be a mixed bag,” said Steve Nostrand, managing director of Colliers International South Florida.

The good news – at least for buyers – includes lower pricing, Mr. Redlich said. “Prices are down easily 20%-30%, and will probably stay that way over the next year. That’s good for companies expanding or coming into the market.”

. . .

There’s no lack of potential buyers. “I talk to people every week who want to buy things,” said William Hardin, director of the Jerome Bain Real Estate Institute at FIU’s College of Business Administration.  “The question is, at what price?”

Read: “Commercial real estate good for buyers, but not for sellers,“ an article from MiamiToday.