Report: Global Investment Sales Outlook Really Grim

In case you're not yet numbed to bad economic news, here's some more.

RCA Analytics has released its latest global trends report, and it concludes that global investment sales are--suprise, surprise!--tanking:

"Sales of significant commercial properties worldwide totaled $388b (€254b) through August, representing a 57% decrease compared to same period in 2007."

Nice! Even better, "The pace of transactions continues to slow and preliminary data for Q3’08 shows an even steeper decline of 64% from Q3’07."

Here are some of the report's other conclusions:

First, we should expect a lot more properties to come on the market, either through distressed sales, or companies looking to shore up their balance sheets:

"The failure of Lehman Brothers and the government bailout of AIG may bring a multi-billion dollar flood of new offerings to the market. read more »

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