There was no sugar coating at the annual forecast meeting this morning of the Greater Richmond Association of Commercial Real Estate.
The four commercial real estate speakers were glad to see 2009 end, as the industry got hit last year with rising vacancies, falling rents and declining property values.
"I think we'll see slow improvement this year," said Mac Wilson with Thalhimer/Cushman & Wakefield. "It can't get any worse."
In the past, the Richmond area has always weathered cyclical downturns with its diverse economy. But a rash of corporate bankruptcies and corporate relocations out of the area has made this cycle rougher than usual.
For the full story, see tomorrow's Richmond Times-Dispatch
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