Brexit adds chill to slumping commercial property sector

commercialBy Peter Grant | The Wall Street Journal

Even before Britain’s vote to exit the European Union battered shares of the world’s leading commercial real-estate-services firms, signs were mounting that the party was coming to an end for an industry that had boomed in recent years.

Now, as Brexit’s repercussions ripple through the market, Wall Street is bracing itself for what could be a prolonged slump in the sector. Already, tenants and investors, especially in Europe, have become more wary of leasing and buying property as they reassess their real-estate activity.

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