This will be especially true for owners of office buildings.
Although office buildings have been hammered by rising vacancyrates, relatively low debt service will allow owners to patientlysolve their vacancy issues, rather than sell at low prices.
"Most distressed projects that would justify lower pricing willnot be offered for sale," Grubb & Ellis says. "However, somevalue-added opportunities may arise from newly developed officeprojects with high leverage that have been slow to lease."
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