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From the October 6, 2009 PBS “News Hour.” One sees this every day. Storefronts on Park Avenue South where overpriced restaurants sat two years ago are empty with “For Rent” signs, something one never saw in such neighborhoods. Traditionally in NYC, property changes hands in private deals, never through the posting of rent signs. With 1% down payments, commercial real estate makes the subprime meltdown look outright responsible.

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27 Responses to “Commercial Real Estate Collapse – Midtown Manhattan”

  • denniskoutou:

    @vpatel12 thanks for a great video

  • rolficus:

    times were good we only have ourselves to blame -live within your means not over it !

  • cogginsconnieful:

    our country wide relationships along with business lenders allow us to be a “first mover” on huge value assets visit our site at offmarketassets+com replace + with .

  • scumpuppet4u:

    great time to swoop up deals Baby!!!!!! Just buy at price were you can def pick up tenants

  • kaabaa84:

    welcome to abrarclub(.)blogspot(.)com

  • kaabaa84:

    welcome to abrarclub(.)blogspot(.)com

  • MarcusCMarcellus:

    @vpatel12 Thanks for the tip on the fund. It’s only worsened. I just returned from expensive Soho and nearly 1/3 of storefronts are vacant.

  • vpatel12:

    great video, reminds me of southern california, there is a way to make money from a declining commercial real estate market…

    check out DRV

    it is like a mutual fund which is positioned to make money shorting the commercial real estate market.

  • theroilsoil:

    We haven’t seen anthing yet . . . it get’s far, far worse.

    So much greed, so much excess, so much hubris . . . now it all hits the trashcan.

    This is a DEPRESSION . . . and there is no recovery in realestate.

  • bruce3635:

    I clean floors for a living and serve french fries in an Indian casino. I’M not smart. In 2007 I was aware that the economy was collapsing. and these people didn’t know, to the tune of 7 billion? How can this be?

  • jmjfanss:

    @hurchel

    But ron paul needs to announce to save the united states of america.

  • hurchel:

    I would have last time if he hadn’t quit..

  • jmjfanss:

    @hurchel

    and nobama is just as bad too, the two party system are two wings of the same bird

    Vote Ron Paul in 2012.

  • PTTurboe:

    WAKE UP

    Saddam Hussein
    Barack Hussein Obama
    Osama Bin Laden
    Joe Biden

    Its a Game. A Spiritual Game…

    Either win and go to the 4th dimension where it is Service to Others (STO) or…

    Lose and stay in the 3rd Dimension of Service to Self (STS)…

    You need to Cross The River….

  • LordoftheKaty:

    So what would you say is next in line for us?

  • singledad1234:

    @LordoftheKaty

    I said this was going to happen
    IN 2007
    and Gerald is a friend of mine

  • singledad1234:

    I KNEW THIS WOULD HAPPEN
    and I said it would happen
    and its GOING TO GET ALOT WORSE
    and I am happy about it
    YOU RICH PRICKS that never cared about anyone BUT YOURSELVES
    and now YOUR BABLYON IS FALLING
    ITS GREAT JESUS IS THE LORD

  • jenniferashley99:

    I thought this last year when thousands of us got laid-off from my company. No jobs equals no revenue.

  • Limeisback2012:

    Either wall street dosent understand that without jobs people can’t buy things and is purly focused on the short term benefits of laying people off. Or they know that there crashing the system and they have some grand plan of mass economic destuction we are just not privy to. Come on people, you can’t keeping buying that the people who own and run america are idiots that don’t know what there doing. There causing unimployment and system crash on purpose. There evil and it’s obvious.

  • hurchel:

    Bush defrauded america, and until he is prosecuted his whole group, the US is suiciding itself. we can’t stand what our government is doing

  • Seano71:

    Tough? lol

    WE can buy cheap for once

  • LordoftheKaty:

    So Gerald Celente was right! There was a commercial realestate collapse in 2009!

  • soundzero:

    Greed from top to bottom.

  • hilololomoa:

    Terrorists,bush.chinese with 2.3 trillion dollars in Treasury securities

  • mdunn604:

    The shareholders of the federal reserve and the ECB

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