January 1, 2010
2010 Economic Outlook; Real Estate Markets Geared for Slow Turnaround
Long Beach Business Journal
By Stacy Lawrence
Real estate experts in all sectors are bracing for markets to mirror much of 2009, with possible relief expected later this year or early next year...
..."As long as companies are not hiring [and] are continuing to downsize, there's going to be a reduced demand for office space," says Tracey Seslen, senior research associate of the USC Casden Real Estate Economics Forecast. "We're going to see the office [market] continuing to decline all through 2010, probably into 2011 as well."...