"We're all anxious about 2002," John Aldrich, president ofColliers International's Dallas office, tells GlobeSt.com. That, hesays, is because the "New Year deal" pipeline is hovering at 60% ofwhat it normally is at this time of year. It's not the fault ofSept. 11. If anything, he explains, Sept. 11 forced thegovernment's hand into meting additional interest rate cuts andeconomic adrenalin shots.

Aldrich believes the government's response with economicenergizers is the upside to September's abrupt halt in business. "Ithink it will pick up quicker than it would have otherwise," hesays. "It's caused some people who were thinking about doingsomething to do it."

Aldrich is among the cautiously optimistic that the New Yearwill bring new trade and at a pace that's more like 2000. The moreoptimistic in the region, he says, are convinced "by the end of thesecond quarter of 2002, we'll be rolling again." Aldrich isn't sosure. He thinks money suppliers might keep reins taut for theentire year. That's based on his conversations with developers whosay a mid-year turn-around is just way too optimistic.

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