It’s official: recession
From The New York Times. The author was unwilling to proclaim it a recession, but it’s frankly been obvious on the streets for some time.
I sell a lot of warehouses to users. Things were frenzied here in the Washington DC area for some time: selling empty buildings to users of space was a cake walk for the better part of 2007. Now things are dead and I am hearing the phrase “cold feet” a lot more than I’d like.