DALLAS, Texas - December 29, 2009 - Foreclosure postings for commercial real estate in North Texas are up 27% in 2009 compared to last year, according to George Roddy Sr., president of Foreclosure Listing Service, Inc.

In 2009, a total of 2,431 foreclosure postings were filed on commercial property in the Dallas-Fort Worth area, up from 1,918 last year, according to Addison-based Foreclosure Listing Service's latest report.

Roddy said he expects “postings of commercial properties to remain at this level or even higher throughout 2010.”

When comparing the recent statistics on commercial foreclosure filings to those from two years ago, Roddy indicated that the contrast is noteworthy, with foreclosure postings jumping more than 67% during the past two years.

Roddy’s report breaks commercial foreclosures down into various property types. In 2009, office building foreclosures occurred more than any other type of commercial real estate foreclosure, with the sector noticing a 121% increase in foreclosure postings on office buildings. Roddy characterized many of the impacted buildings as those listed as older, Class C or miscellaneous office buildings.

Retail buildings and centers recorded the second-highest gain in foreclosure postings, with 257 notices filed on retail office buildings and centers, up from 135 notices a year ago - resulting in a 90% year-over-year increase in postings.

Meanwhile, foreclosure postings jumped by 16% on apartments, 10% on industrial buildings, and 71% on undeveloped land, according to FLS data.