Sure, of course, Apple building a new head office will indeed boost the US commercial property market.
Anyone putting up a new commercial building will boost the commercial property market.
The Irish government's National Asset Management Agency (Nama) has said it will try to revive Northern Ireland's commercial property market.
And it is unlikely to end soon: the commercial property market is groaning and swine flu is sure to cause jitters.
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It sounds almost absurd that just three technology companies could between them be large enough to drive the entire commercial property market in a country of 300 million people.
Buyers and sellers in Manila have established a price, but because its commercial-property market is so thin, some analysts fear it is not the right one.
In a tragic twist, New York's commercial-property market also looks like another winner: it had been on the point of a slump, but has now been revived by the attacks.
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If the credit squeeze spreads and borrowing becomes harder, not just for housing but across other parts of the debt markets (such as commercial property or credit cards) money-market funds could withdraw even further from lending to banks.
These banks have a high share of mortgage lending and are heavily exposed to commercial property and construction lending - which is what has done for them, because Spain's housing market is weak and becoming weaker, and its commercial property sector is a basket case.
As with the residential market, credit for buying commercial property has tightened.
Even optimistic commercial-property developers are stacking sandbags to hold back a financial deluge in the market for office towers, hotels, shopping malls and other commercial real estate.
Capmark, one of the biggest commercial real-estate lenders to go bust in the financial downturn, put the property on the market last spring after emerging from bankruptcy protection in 2011.
On the bright side, however, the commercial-property downturn isn't expected to be nearly as steep as the current slump in the housing market, where recent data showed foreclosures rising to the highest level on record in the fourth quarter of 2007.
Buyers of retail property have been taking advantage of debt financing available from the sale of commercial mortgage-backed securities, a market that has been gathering steam.
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