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The worldwide economic slowdown is having a negative impact upon the commercial property market, it has been claimed.
Chief executive of real estate firm Brixton Tim Wheeler said the commercial property market is now a "more challenging" environment due to the credit crunch.
"There is confusion - and an element of denial - over direct property pricing, due to lack of transactions," he remarked.
Brixton, which deals with commercial leases for industrial and warehouse properties, recently reported that it made a pre-tax loss of £236.7 million in the first half of this year.
However, it noted that its rental income rose by 13.5 per cent and rental growth increased by four per cent during this period.
According to the Wall Street Journal, some analysts have predicted that the value of commercial buildings may soon be below the loans taken out on the properties.
Jeremy Anagnos, managing director of CB Richard Ellis's Global Real Estate Securities Fund, told the newspaper that banks may begin "writing off commercial property" as a result.
