Brooklyn Real Estate Market Outlook for 2010 for Mixed Use and Commercial Property Sales

 January 22nd 2010

The Brooklyn Real Estate market in 2009 was a year that most if not all brokers, agents and realtors are glad is behind us.
As a broker for 22 years selling Brooklyn Real Estate in many Brooklyn neighborhoods, I’ve seen in the last year that few Brooklyn neighborhoods saw any price increases in property values.

For most Brooklyn neighborhoods, since we have been in a downward trend price wise, for the last 3-4 years prices remain at the lowest level since last real estate boom.

While the 2010 Brooklyn Real Estate Market is expected to bring an improvement in sales volume, meaning, there will be more people selling and buying properties, I do not foresee an increase in property values yet and commercial property sales will still be slowed. Most mixed use and commercial properties will be difficult to sell in this overly cautious lending environment and slow business forecasts. (Read the article)