Commercial Real Estate: 'A 'Ticking Time Bomb'?
347 views · Published 15 July 2009 · 2:53 · Indexed 20 September 2026
Channel: Voice of America · 2009 · News & Politics
Commercial real estate is feeling the shock waves created by the economic recession. Office spaces remain vacant and many owners are not getting enough rental income to cover their loan payments. Many commercial property owners also are having trouble finding banks to refinance their loans. Financial analysts say things will get worst and will not improve for another three to five years. VOA's Elizabeth Lee explains what this means to the shopping centers, office spaces and the average American.
