Tampa Bay Sale TrAs the price
[BLOGGER QUESTION]
Is it time to call a buying signal for office properties in Florida now that the acquisition price has dipped under the replacement cost? Or are office investors trying to catch a falling knife?
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July 15, 2010 at 2:16 pm
If acquisition price has dipped under the replacement cost and rents are up this would be a strong signal of the bottom.
Except in this economy. With the current employment issues, large amounts of held inventory and less than adequate lending; I believe we have a ways to go. So Yes to the Falling Knife Theory.
July 15, 2010 at 4:21 pm
[...] COMMENT: In an earlier post this blogger noted the fact that Florida office assets are now trading for substantially below [...]