Dr. Ray Perryman made the call at his 20th annual consecutive forecast for the Greater Dallas Chamber of Commerce, always his first stop on the Texas circuit to talk about the economy of the past year and what lies ahead. Commercial real estate got a real break when Perryman predicted to GlobeSt.com that the industry will recover in nine to 12 months instead of 18 months, the normal lag time for the sector's rebound.
"Things are happening fast in the economy," Perryman said after the breakfast meeting at the Hilton Dallas Lincoln Centre. "And with lower interest rates once people decide to invest, it's going to happen very quickly ... It's more nine to 12 months (for commercial real estate)."
Perryman's forecast that the corner's been turned was a brighter note than many in his field will say these days--and he acknowledges that. "The numbers that will come out in this area will show it," he told the roomful of business leaders, economic development executives and investors.
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