(To read more on the multifamily market and the netlease market, clickhere.)

CHICAGO-Nationally, the impact of the housing slowdown is likelyto have a modest impact on the recovery of the office real estatesector, according to a study by Grubb & Ellis andPittsburgh-based PNC Real Estate Finance. Yet, the impact will varyby market, and fast-growing Western and Southern markets, wherehousing prices and construction have expanded most rapidly, willfeel the sharpest impact, the authors suggest.

"I think housing will manage a soft landing and not spill intothe general economy and push it over the brink into recession asthe technology slowdown did in the early years of this decade,"Robert Bach, SVP of research and client services for locally basedG&E, tells GlobeSt.com. Bach authored the 12-page study withPNC VP Elizabeth Ptacek.

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