With the new year upon us, I thought I’d use my podcast this month to examine what’s in store for the commercial real estate industry in 2012. In the coming year, REALTORS® will be working on key issues such as easing the contraction in small-business lending, bridging an equity gap, and increasing bank liquidity. You can be sure that finding solutions to these issues is a priority for NAR and will go a long way toward setting the industry on a path for growth.
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Commercial Markets to Grow in 2012
Commercial real estate markets have been relatively flat this year, but improving fundamentals mean a more positive trend is expected in 2012, according to NAR’s Commerical Real Estate Outlook report, out this week. More >
Weak Economy Holding Back Commercial Gains
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.
Latest Commercial Advocacy Efforts
NAR has issued letters in support of covered bond legislation, credit union business lending, and most recently the Common Sense Recovery Act of 2011. These pieces of legislation have the potential to increase commercial financing and positively impact the market while helping you close commercial deals.
