Prudential is out with its quarterly update on commercial real estate. There is some good news. Values have increased -- in some cases with dramatic spikes -- capital markets are slowly starting to open up and volume is gaining.
All is wonderful, right?
But (and it's a BIG but...), fundamentals are more than broken (still), and job growth is anemic. In fact with the stats out this week, there is no job growth.
Here is a link to the report. Worth reading.