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Given the cyclical nature of the commercial real estate (CRE) industry, and the level of commentary coming from the press, it’s more important now than ever to take a closer look at key issues facing CRE in order to invest strategically. While the debate rages as to whether CRE will be “fne until 09,” or headed for more immediate challenges in 2008, the facts and related issues themselves tell a compelling story, especially as the CRE industry weathers the current credit crunch.The goal of this tenth report of a series is to provide insight into where the CRE market is headed by taking a step back and reviewing critical issues, core fundamentals and underlying factors.

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