Housing’s Latest Impact, Part 2

A resilient commercial sector?

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In other housing news, the Wall Street Journal (subscription required) also says commercial real estate won't tank as much as the residential housing market. Basically, the industry is getting hurt by credit woes (explored in my Q&A today with ProLogis CEO Jeff Schwartz), but the sort of rampant overbuilding that equals deserted subdivisions is generally in check on the commercial side.