The news doesn’t stop about the slowing commercial real estate market for 2009 and 2010.  It’s a reality and we saw it coming a long time ago.  Job growth slows and there’s less absorption.  Consumer confidence wanes and retailers struggle.

KTVU News in the Bay Area recently reported on the latest numbers and the current struggle for retailers.  We were very pleased to have Rofo included in this piece.

But despite the news and the numbers Rofo continues to reach out to new markets to provide entrepreneurs and small businesses the much needed tools to make informed real estate decisions.  We’re excited about our recent expansion to include the Sacramento Office Space, Sacramento Retail Space, and Sacramento Warehouse Space markets.

Stay tuned for more exciting announcements and added services for local businesses and entrepreneurs on the move…

This is certainly the conventional wisdom for what’s to come over the next couple of years. Today I saw an article on Reuters that sealed it for me.  Pictured above is Sam Zell (not exactly a household name) who’s Equity Office Properties was sold to a huge private equity firm just before the beginning of the mortgage meltdown.  Zell said the following:

“This is not a time to own commodity (office buildings) in the suburbs,” said Zell, speaking at the DLA Piper Global Real Estate Summit in Chicago. “If there’s going to be a diminution of demand for office space, it’s going to be out there.”

He went on to say that he thought the only the nicest downtown office buildings will fare okay.  Something to certainly keep an eye on if you’re planning to move your company within the next year.