Most of the major commercial real estate sectors show gradually improving fundamentals and are easily absorbing the relatively small amount of new space that is coming online, with a full recovery already in the multifamily market, NAR says in its quarterly commercial real estate forecast.
Fundamentals are improving in all major commercial real estate sectors, suggesting the industry is shaking off the impact of the prolonged recession, NAR says in its quarterly commercial real estate forecast. In all sectors, vacancies are dropping and rental rates are rising.
Vacancy rates continue to rise in most commercial sectors and are not expected to level out in most markets until the end of this year or early 2011, according to the National Association of REALTORS®. Read more…