The Carvajal Group Blog

Investors Worry About Office Value Drop

June 19th, 2009

Investors across Texas are worrying about the potential for office building prices to drop in value over the next year.

With the shaky economy,  many worry that businesses will not be able to afford the higher priced office buildings.  This will leave vacancies in the more expensive properties,  possibly driving down prices.

If the economy can improve significantly over the next year, prices may not drop a lot,  but a drop is still expected.

The major areas affected by this would be Dallas, Austin, and Houston.  It will be interesting to see how each local market handles this situation.

If you are looking for Austin real estate, visit the Austin homes of the Carvajal Group at 512-419-7770.

Tags: Austin Real Estate · Austin Real Estate Agent