The commercial real estate market is in rougher shape than it was a year ago, but this is nothing compared to the early 1990s, according to CB Richard Ellis Ltd.
The real estate company's annual market outlook was heavy on comparisons to the crash that occurred last decade.
"Whatever this is folks, it is not the early '90s," John O'Bryan, vice-chairman of CB Richard
Ellis, told an audience of 1,300 real estate professionals. "Not only was the development industry operating at warp speed, but we were literally heading where no man had been before."
