Prologis: US and Canada Property Market Review
"During the past 18 months, property owners have faced the most challenging economic environment in their lifetimes. The current U.S. recession is now officially the nation’s longest and deepest of the entire post-World War II era. The good news is that the rate of decline moderated during Q2-09, and the U.S. economy appears to be poised for recovery beginning in Q3 or Q4."
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