Ross Nussbaum, managing director and senior REIT analyst for UBS Equities Research, said in an in interview at REITWorld 2009 that the key issue facing REITs in 2010 is jobs. "Now that REIT balance sheets are in better shape, they need to start growing earnings. And the number one demand driver for commercial real estate tends to be employement." He adds that without meaningful job growth in the next 12 months, occupancy and rental rates will likely head lower.
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