U.S. Real Estate Fundamentals
Principal recently published their third quarter 2009 report on the private real estate market. The report points out that fundamentals on a national basis continued to weaken for all four major property types as evidenced by rising vacancy rates and falling rent levels. Net new demand for office and industrial space remained negative in the quarter. The multi-family and retail property types did have positive net absorption in the quarter, but the level of demand was minimal and not enough to offset the amount of new supply delivered to the market. Please click here to read the entire report.