(Crystal Proenza is associate editor of RealEstate Florida.)
GAINESVILLE, FL-A new University of Florida study finds therental market in all commercial real estate sectors, especiallyapartments, is taking a hit from the current economic downturn.Fifty-five percent of the results of the report were based onresponses from appraisers, while the remainder of responses weregathered from brokers and consultants.
"The biggest surprise is how notable the downturn in the stateof the apartment market appears to be," Wayne Archer, director ofUF's Bergstrom Center for Real Estate Studies, said in a release."It could be that people are trying to save money by doubling upand sharing accommodations with roommates, reducing the demand forapartments."
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