Economy

September 14, 2009

Rise in commercial real estate vacancy rates leads to meltdown concerns

Across the Sacramento region, commercial real estate vacancy rates have soared while rents and property values have plummeted, leaving many landlords struggling to pay their mortgages. A few are in bankruptcy protection. Sacramento's troubles are worse than most, according to national analysts, but the threat looms across the entire country. With the national economy seemingly poised for a recovery, some experts fear the recession could be prolonged if commercial loans go bust like residential mortgages.

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