Commercial real estate and low interest rates

John Krainer

FRBSF Economic Letter, 2013, issue apr22

Abstract: Commercial real estate construction faltered during the 2007 recession and has improved only slowly during the recovery. However, low interest rates have led to higher property valuations and are clearly benefiting the sector. The recovery of commercial property prices has been notable. Some measures suggest that, in some segments of the market, prices are close to their pre-recession highs. Valuation measures do not suggest that current prices are excessive.

Keywords: Real estate development; Commercial loans; real estate investments (search for similar items in EconPapers)
Date: 2013
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