X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHICAGO-The commercial real estate market barbell, with a good amount of capital chasing either trophy or traumatized properties (but not much activity in the middle), will level off, according to panelists at the Real Share Chicago conference held this morning at the Renaissance Chicago Hotel. However, as opposed to the quick fire sale, followed by recovery, in the early 1990s, the relaxed rules for banks and a wide bid-ask spread will push the barbell flat only over a prolonged period, likely 10 years, the speakers said.

Most of the presenters, which included titans of local property brokerage, development and financing, said they are positive that rock bottom will be reached this year and an upswing will start in mid-2011. “I’m optimistic,” said Jim Dieter, EVP of US industrial brokerage for Cushman & Wakefield. “The fundamentals are strong. Manufacturing has increased, housing is up, the car industry is on fire. We will persevere.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt. Multifamily Spring 2022 (Formerly APTS)Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt Net Lease Spring 2022Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt Net Lease Spring 2022Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.