Sam Zell: Keen on foreign commercial construction; sees U.S. property values rise

December 21, 2010 |

Real estate mogul Sam Zell expects little U.S. commercial real estate construction over the next one to three years--except for multifamily buildings--but that hiatus will restrict supply and boost the value of existing properties. With little new supply, Zell sees the value of existing office buildings, shopping centers, hotels, warehouses, and distribution centers increasing and vacancies falling. Zell is also bullish on foreign markets, especially Vietnam, Indonesia, Brazil, and Mexico.

Sam Zell's outlook

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