"Even in the absence of a recession, the U.S. economy is likely to expand at a sluggish pace. Monthly payroll job growth is expected to average 75,000 in 2008, quite modest but enough to keep a floor under demand for commercial real estate," said Robert Bach, Senior Vice President, Chief Economist of Grubb & Ellis. "The new year will bring a new set of acquisition and disposition goals for investors, motivating buyers and sellers to close the expectations gaps and meet somewhere in the middle."
Source: Fox Business
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