Two weeks ago, I posted when Time, MSNBC and Fortune almost simultaneously looked at aspects of commercial real estate and proclaimed signs of recovery.
In the latest dispatches, however, we're back to commercial real estate being doomed again--at least according to this segment on CNBC.
The lesson, again, is that commercial real estate is a complex business with lots of moving parts. We're going to have crisis alongside recovery. There's no simple narrative to be had here. We're not going to see a clear commercial real estate recovery nor are we going to come upon a moment where all is collapsing. So let's stop looking for the one-line takeaways about commercial real estate.