California news 1Q 2009 worst for commercial real estate, says Rick Knauf Top Searches: • rick knauf • property foreclosures silicon valley commercial real estate •
1Q 2009 worst for commercial real estate, says Rick Knauf
04/28/09 13:51
If Rick Knauf, the managing editor of Colliers’ International Peninsula office, will be asked, the first quarter of 2009 is the worst for commercial real estate in the last eight years.
Vacancy rates on the Peninsula rose to mroe than 18 percent, which is only a part of the 800,000 square meters that has been returned to the market.
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