Hard to really say. We are certainly at a point of huge pessimism for commercial Real Estate. The markets are controlled by a few funds and banks these days. Things could be totally rosey, and if they wanted to beat the piss out of a sector, they could and would. The market moves at the whims of a couple people who were given too much of other people's money. Judging by the recent commercial Real Estate negative buzz, I'd say the sector is being bear raided.
I would say that that as long as the banking sector continues to lend there isn't any issue here that doesn't exist in the rest of the economy. It is just a hot button target because it is "Real Estate". The idea that these companies won't be able to refinance or handle their business with all the Real Estate bennies and perks being tossed out is pretty far fetched. Cycles come and go.
Fact is, real property always rule....not at the moment...but throughout history. I've been averaging in over the past few days....and will continue to do so....with the notion of retiring at a mere 4.50. (minimum). Nice try, sherlocks. I'll buy from the weak who listen to penises on this board.