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.