Commercial Real Estate to Soften, but Still on Solid Footing


Commercial Real Estate to Soften, but Still on Solid Footing


Commercial real estate price growth in large markets is expected to flatten over the next year, but strong leasing demand and investor appetite in smaller markets should keep the sector on solid ground, according to the latest National Association of REALTORS® (NAR) quarterly commercial real estate forecast.

Backed by the ongoing stretch of outstanding job creation in recent years, national office vacancy rates are forecast by REALTORS® to retreat 1.1 percent to 11.9 percent over the coming year. The vacancy rate for industrial space is expected to decline 1.1 percent to 7.8 percent, and retail availability is to decrease 0.4 percent to 11.4 percent. Even as new apartment completions bring more supply to many markets, the multifamily sector will still likely see a vacancy rate decline from 6.6 percent to 6.1 percent...

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RSK: A bit of good news. Everyone is flaunting the low unemployment rate but many of those people are under employed.

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- - Volume: 5 - WEEK: 38 Date: 9/19/2017 8:40:54 AM -