NAR’s latest Commercial Real Estate Outlook offers overall projections for four major commercial sectors and analyzes quarterly data in the office, industrial, retail and multifamily markets.
Highlights
- Demand for commercial leases kept a positive pace in the third quarter of 2015.
- Construction has been growing across all property types, but the gap between demand and supply exerted downward pressure on availability.
- Commercial fundamentals are expected to improve, with vacancies continuing on a downward trend.
- Prices are poised to continue their advance in the last quarter of 2015, as shortage of inventory and larger capital pools—both equity and debt—search for yield.
Recently released data shows demand for commercial leases has continued on a positive pace. Fundamentals are expected to improve, with vacancies continuing on a downward trend.
By: National Association of REALTORS®
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