Commercial real estate vacancy rates are flat and projections for growth have been moderated because economic growth and job creation have been weaker than expected, according to NAR. Look for modest improvements over the coming year.
job creation
Outlook Shows Markets Stabilizing
May’s Commercial Real Estate Outlook report reveals signs that commercial real estate markets are stabilizing, and job creation is boosting demand for commercial space. The economy should add between 1.5 million and 2 million jobs annually in 2011 and 2012, with the unemployment rate falling to 8 percent by the end of next year. More >
