2012 A Repeat of 2011? Not Exactly. KPMG Survey Finds It’s a Bit Worse

Nearly two out of three (63%) commercial real estate executives surveyed by KPMG pushed back their expectations for a full U.S. economic recovery until 2014 or later.

Survey respondents said the CRE market continues to make strides in the right direction despite a lackluster economy. However, a slower than expected rate of growth and pricing pressures will likely result in more firms seeking to increase efficiencies and reduce costs over the next…

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