This collapse will be the grand daddy of all collapses
I just released 130000sf office/warehouse space within 1 month of vacancy. fortunately the previous leasee was obligated to pay for the next 8 months. I gave conceeded 7 mo of rent which is about 2 mo over the previous standard before the downturn on a 5 year term. The SF lease price for office and warehous is the same as 3 years ago before the bust and 3net haven't changed. Maybe I was just lucky..... In the process, discovered the property is worth about $20+ sf over what I paid 4.5 years back. vacancies in my region are near the highs and have stopped increasing. Since very few applications for CRE permits, the invenoory should begin a slow decline. barring any major economic catastrophy, and assuming GDP growth remains steady CRE will be steady over the next 5 years.