Vacancies in office buildings rise faster
Every major city in the U.S. is seeing office-building vacancies top 10 percent, creating another big problem for already hurting lenders.
Grubb & Ellis Company , a leading real estate services and investment firm, today released its 2009 Global Real Estate Forecast, which indicates that 2009 will be a challenging year for commercial real estate with the economy starting the year 13 months into what may become the longest recession since the 1930s.
