There are signs of life in the Bay Area economy. - That is what an article in the SF Business Times is saying this week. It is true that there is good news around if you are looking for it. Does this indicate simply a short-lived uptick in the economy (there were several during the Great Depression) or a real recovery? Residential Real Estate is starting to move a bit more. However, Commercial Real Estate sales are slower than ever from what I’m seeing. Further concerning is the number of commercial buildings that are hanging on the edge of foreclosure. If they start to go, we will see a second round of pain for banks and more economic stagnation. My hope is that we are truly coming out of this dark economic season… but let’s not be naive about the reality we face.

 

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Ryan Jones

San Francisco, CA

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TRI Commercial Real Estate Services

Office Phone: (415) 268-2206

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