I just finished reading a REIT forecast, and as they went through each sector: hotel, retail, commercial, rental, industrial, I realized that a recession is going to sock it to all the sectors. For example, they attributed high demand of financial services companies to the high demand for commercial buildings; as mortgage brokers, title companies, escrow companies, lay off thousands of workers, that office will sit empty. Of course, the report painted a rosy forecast for REITs. But then, who ever gives a gloomy forecast for anything economic?