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ISCOVER
By: Staff Reporter
Commercial property conditions deteriorated in the June quarter according to the latest NAB Commercial Property Index.
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The Index fell 20 points over the quarter to minus 10 as sentiment dampened and recovery timeframes widened, NAB revealed yesterday.
While survey respondents still expected a recovery in commercial property most didn’t expect a recovery for the office and retail sectors until the end of the year or early 2011.
The outlook for the industrial sector was divided with many respondents not expecting a recovery until half way through next year.
