Commercial Metro Market Reports Q1 2021
The Commercial Real Estate Metro Market Reports provide economic and commercial data on 67 metropolitan areas or portions of these areas. These reports are intended to shed light on the state of the apartment, office, industrial, retail, and hotel/lodging property markets in metro areas for which commercial data is available from publicly available or proprietary sources.
To assess commercial market conditions in these metro areas, NAR looked at 25 indicators pertaining to the economic conditions in the area such as GDP growth, employment, unemployment, wage growth and whether the area experienced net domestic in-migration or out-migration. Commercial real estate indicators include new leasing (sq. ft.), absorption, vacancy rates, rent, and construction activity.
Download the summary report here.