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Posted: February 22, 2010
Decade Answers: William O'Brien
William O'Brien, SIOR, is a president and dir. of retail & office leasing at M.C. O'Brien Inc., Brooklyn, N.Y.
What are your predictions for commercial real estate in the new decade?
Having seen a run up in highly speculative real estate values over the preceding five years or so, the last year and a half to two years have not been a huge surprise. I expect to see the real estate market muddle along for at least another two years or so, as there is still a good amount to be absorbed.
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