In this month’s Commercial Podcast, I’m happy to share some good news about the commercial real estate sector from our just-released quarterly outlook. Good news is something we can use a lot more of. Also hear why the upcoming REALTOR® Rally in DC on May 17 is an important event for commercial practitioners—and all REALTORS®—to take part in. The Rally isn’t just about housing; we’re also there to remind Congress about how vital commercial real estate is to the economy. I hope to see everyone there.
Commercial: Strengthening Fundamentals
Multifamily housing is becoming a landlord’s market, commanding bigger rent increases, NAR’s quarterly Commercial Real Estate Market Survey shows. More broadly, all of the major commercial sectors are seeing improvement in fundamentals. NAR forecasts commercial vacancy rates over the next year to decline 0.4 percentage points in the office sector, 0.8 points in industrial real estate, 0.9 points in the retail sector, and 0.2 percentage points in the multifamily rental market.
Proposed Lease Accounting Standards will be Costly
On February 16, 2012, a coalition of several leading commercial real estate organizations, including NAR, released a report that examines the economic impact of the International Accounting Standards Board (IASB) and Financial Accounting Standards Board’s proposed lease accounting standard.
Commercial Markets Stabilize in Late 2011
Commercial real estate in REALTOR® markets moved toward broader stabilization during the fourth quarter of 2011. More
