Commercial building and facilities management resources for corporate facility executives, building operators and facility managers in all industry and service sectors. Economic-Downturn articles below.
Amid the economic downturn in real estate markets, few markets demonstrated significant increases in rental income, suggesting that rental rates remain relatively stable. Among the most expensive cities, only New York and San Francisco showed increases in rental income.
This Friday Funny actually ends the week on a bittersweet note, particularly for those who consider themselves fans of the late great Liberace. After 31 years of operation, the Liberace Museum in Las Vegas will close its doors this Sunday, October 17, 2010.
According to the IPD U.S. Annual Property Index, capital growth was -12.2% in 2008. For the 12 months to the end of December 2008, all property income return in the U.S. was 5.4%, contributing to an overall total return of -7.4%.