Commercial Real Estate Hindered by Tight Credit, Realtors Say
This article is for subscribers only.
A “major portion” of small commercial-property deals in the U.S. have fallen through because of stricter lending standards, according to a National Association of Realtors survey.
While the commercial real estate market showed signs of recovery in 2011, credit tightened in the past year for small businesses, the group said today in a report. Two out of three agents helping clients buy properties for less than $2 million said the purchases were scuttled because of a lack of capital, according to the survey.