X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Toward the end of the movie version of The Perfect Storm, the ill-fated fishing boat briefly sails through pale sunlight and calm seas before heading abruptly back into hurricane-force winds and mountainous waves. That, fortunately, is not an apt metaphor for commercial real estate’s outlook at midyear. A double-dip recession looms smaller than it did nine months ago. The forecast calls for gradual clearing marked by occasional patches of inclement weather—or, as Cassidy Turley’s Kevin Thorpe puts it, “a slow rise with some painful episodes.”

Compared to the beginning of the second quarter, “It seems like the economy is slowing down and losing momentum,” says Robert Bach, senior vice president and chief economist at Grubb & Ellis. “You hear more people talking about the possibility of a double-dip, but the majority still thinks the economy will muddle through this without another downturn. I’m in that category; I think we can avoid a second recession.”

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.