{"id":386697,"date":"2010-03-03T14:17:40","date_gmt":"2010-03-03T19:17:40","guid":{"rendered":"http:\/\/www.businessinsider.com\/fed-commercial-real-estate-deteriorating-further-nyc-remains-a-dog-2010-3"},"modified":"2010-03-03T14:17:40","modified_gmt":"2010-03-03T19:17:40","slug":"fed-commercial-real-estate-deteriorating-further-nyc-remains-a-dog","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/386697","title":{"rendered":"Fed: Commercial Real Estate Deteriorating Further, NYC Remains A Dog"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4b8eb5897f8b9a832ca70300\/times-square-new-york-nyc.jpg\" border=\"0\" alt=\"Times Square New York NYC\" \/><\/p>\n<p>The latest <a href=\"http:\/\/www.federalreserve.gov\/fomc\/beigebook\/2010\/20100303\/default.htm\">Fed Beige Book <\/a>is out, and once again it sounds cautiously optimistic, though certainly mixed.<\/p>\n<p>One negative area is commercial reale state, an issue that nobody cares about anymore:<\/p>\n<p style=\"padding-left: 30px;\">Commercial real estate conditions remained weak or declined further in most Districts, although some Districts noted slight stabilization or modest signs of improvement. Commercial real estate activity weakened in the Richmond, Minneapolis, Kansas City, Dallas, and San Francisco Districts, though Dallas noted that leasing fell at a slower rate and San Francisco cited increased leasing in some segments. Boston and Philadelphia said conditions remain weak, but both noted some improvement in sales of commercial space. New York reported softer activity in the New York City area but some steadying in vacancies and rents elsewhere, while St. Louis said activity remained weak throughout the District. Several Districts also noted that many tenants were pushing for, and in some cases receiving, concessions on rents. All Districts reporting on commercial construction said that activity remained weak or slow, except for some moderate boost from federal stimulus projects and other public construction. Credit for commercial development and transactions was still very difficult to obtain in several Districts, though San Francisco noted a slight improvement in financing availability.<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/fed-commercial-real-estate-deteriorating-further-nyc-remains-a-dog-2010-3#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/commercial-real-estate-default-rates-suddenly-double-2010-2\">Commercial Real Estate Default Rate Doubles As Banks Sit On $1.1 Trillion In Loans<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/bill-ackermans-huge-killing-in-general-growth-signals-the-bottom-for-retail-2010-2\">Bill Ackman&#8217;s General Growth Killing Signals A Huge Rebound Ahead For Commercial Real Estate<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/tarp-watchdog-the-300-billioin-commercial-real-estate-bomb-hits-in-2011-2010-2\">TARP Watchdog: Don&#8217;t Be Fooled By The Calm, Banks Will Be Rocked By 2011&#8217;s $300 Billion Commercial Real Estate Time Bomb<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/LjurCsQlNfI\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The latest Fed Beige Book is out, and once again it sounds cautiously optimistic, though certainly mixed. One negative area is commercial reale state, an issue that nobody cares about anymore: Commercial real estate conditions remained weak or declined further in most Districts, although some Districts noted slight stabilization or modest signs of improvement. Commercial [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-386697","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/386697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=386697"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/386697\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=386697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=386697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=386697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}