Commercial Real Estate Looking Gloomy

Delinquency rates and defaults on office and retail buildings and hotels have more than doubled in just six months. For apartments and industrial buildings, the rates have increased more than 80 percent, according to Reis Inc.

While homeowners are defaulting at almost four times the rate of commercial landlords, the sudden spike in late payments has many industry insiders worried about the collateral threat to the economy and financial system. Nearly $73 billion worth of commercial real estate loans are in some level of financial distress, according to Real Capital Analytics.

The good news is that SpacePlace.net is the new kid on the commercial real (CRE) estate block and has it's business eyes on helping brokers marketing budgets nationwide with their property listing needs.

Keep posted for more news coming soon!

Team SpacePlace