Monday, June 15, 2009

Uncertainty Running Rampant

Posted by: Scott Shanks, SIOR
Senior Vice President Office Properties Group
775 336 4671

During his career, Scott has worked with clients such as: Barnes & Noble, GM, Merck Pharmaceutical, Henry Schein, Home Depot and Ahold to facilitate their real estate needs.

Not a day goes by that something observed in the media does not cause uncertainty at some level. In general this is not some new or strange phenomena, but the unsettling issue is the levels at which we see it; government, jobs, housing, oil, banking, commercial, manufacturing…and the list goes on. Until we stabilize in the broad base of sectors, we will continue to see the large gyrations that the financial and real estate markets go through weekly. I believe that this is the largest challenge that the current administration is facing, which is simply getting everything to the point that we can start to see some semblance of normalcy in the market place. Good luck!

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