This post originally appeared on tBL Marketplace Partner member The Massimo Group Blog and is republished with permission. Find out how to syndicate your content with theBrokerList.
It is highly likely that the first two months of the year were havoc on your stock portfolio. Good news is that your commercial real estate business probably outperformed your retirement savings!
According to a February 29th article by Erik Dolan-Del Vecchio, most major public CRE firms took a beating since early January (click here for article).
Does this signify the end of one of the longer recovery cycles in CRE history? Don’t run for the hills quite yet. Individual brokers in all these public firms are having very strong first quarters, as are brokers across the country.
There are still plenty of opportunities for commercial real estate brokers to leverage in today’s market. However, it may not be a bad time to fortify your position if velocity continues to decline.