The emerging recovery will gather momentum this year, but will fade during 2010 (Q3 09)

Evidence that a revival is underway in the commercial property investment market continues to build. Given that and the upward revisions to our economic growth forecasts for 2010, we have increased our near-term commercial property forecasts. We now expect all-property total returns to be -7% this year (up from -18% in the previous Analyst) and +6% next year (up from +3%).

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