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Politics & Government

April 29, 2009 06:48 PM

Is commercial real estate the next to go bust?

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A maintenance crew works on a building in downtown Denver, Colorado, April 28, 2009. Two years after the housing crisis, experts believe a similar crisis awaits commercial real estate as mortgages begin to go bad. (Kevin G. Hall/MCT)
A maintenance crew works on a building in downtown Denver, Colorado, April 28, 2009. Two years after the housing crisis, experts believe a similar crisis awaits commercial real estate as mortgages begin to go bad. (Kevin G. Hall/MCT) MCT
Advertisements for office space, like this one in downtown Denver, Colorado, April 28, 2009, are likely to grow as a commercial mortgage crisis begins to unfold later this year. (Kevin G. Hall/MCT)
Advertisements for office space, like this one in downtown Denver, Colorado, April 28, 2009, are likely to grow as a commercial mortgage crisis begins to unfold later this year. (Kevin G. Hall/MCT) MCT
Office vacancies are expected to climb because of a crisis in commercial mortgages and widening job losses that are expected to extend into next year, well beyond the point that the U.S. economy begins to slowly recover.  (Kevin G. Hall/MCT)
Office vacancies are expected to climb because of a crisis in commercial mortgages and widening job losses that are expected to extend into next year, well beyond the point that the U.S. economy begins to slowly recover. (Kevin G. Hall/MCT) MCT
Construction of office buildings like this one being erected in downtown Denver, Colorado, April 29, 2009, is a rare site about to get rarer as a crisis looms for commercial mortgages. Analysts believe the commercial real estate market is in for several down years. (Kevin G. Hall/MCT)
Construction of office buildings like this one being erected in downtown Denver, Colorado, April 29, 2009, is a rare site about to get rarer as a crisis looms for commercial mortgages. Analysts believe the commercial real estate market is in for several down years. (Kevin G. Hall/MCT) MCT
Construction of office buildings like this one being erected in downtown Denver, Colorado, April 29, 2009, is a rare site about to get rarer as a crisis looms for commercial mortgages. Analysts believe the commercial real estate market is in for several down years. (Kevin G. Hall/MCT)
Construction of office buildings like this one being erected in downtown Denver, Colorado, April 29, 2009, is a rare site about to get rarer as a crisis looms for commercial mortgages. Analysts believe the commercial real estate market is in for several down years. (Kevin G. Hall/MCT) MCT
Office vacancies are expected to climb because of a crisis in commercial mortgages and widening job losses that are expected to extend into next year, well beyond the point that the U.S. economy begins to slowly recover. (Kevin G. Hall/MCT)
Office vacancies are expected to climb because of a crisis in commercial mortgages and widening job losses that are expected to extend into next year, well beyond the point that the U.S. economy begins to slowly recover. (Kevin G. Hall/MCT) MCT
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