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REJblog

by Dan Rafter

The reports all say that commercial real estate activity is on the rise. So do most of the brokers, developers and commercial lenders that I interview.

But then I stumble across a commercial real estate pro who doesn’t agree.

Like the Chicago agent I interviewed earlier this week. This agent — who freely admitted to being a pessimist — told me that commercial real estate deals were still far too sluggish. It is still awfully hard to make a solid living if you’re trying to close these deals, he said.

Here’s how he phrased it: “Everybody is talking about how great the numbers are today. But what are they comparing it to. They’re better than they were last year. But last year was garbage. The year before was even worse. It’s all about what you compare it to. You can make anything look good if you compare…

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