COMMERCIAL REAL ESTATE
STILL A WORK IN PROGRESS
BY STEVE BERGSMAN
PLANS TO DEVELOP DERIVATIVES involving U.S. commercial real estate have been in the works
for the better part of a decade. For a variety of reasons, those products have failed to gain significant
traction. However, industry observers are more optimistic that the dawn of a viable U.S. commercial
real estate derivatives market may be upon us, sparked by developments in the residential sector, new
products in the U.S. and the growth of U.K. derivatives.