Commercial leasing fundamentals remain poised for expansion this year. Examine data and trends revealing how the commercial market is being boosted by an expanding economy, employment, and recent tax reform.
Read the Outlook here.
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.
- Commercial real estate in SCRE markets continued to experience advances in investment sales, as the momentum picked up in the final quarter of the year.
- The bifurcation in investment trends continued along valuation lines. However, even in LCRE markets, trends proved more nuanced.
- Commercial leasing fundamentals remain poised for expansion this year, boosted by an expanding economy, employment and the tax reform.
- Vacancy rates are projected to continue their decline, except for multifamily properties, where rising new supply is putting downward pressure on rents.
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