Download (PDF 2.02 MB) NAR`s latest Commercial Real Estate Outlook offers overall
projections for four major commercial sectors and analyzes quarterly
data in the office, industrial, retail and multifamily markets. Highlights:
- NAR forecasts economic output to expand at a stronger pace of 3.0 percent in 2018.
- With economic output and employment trends continuing on an
expansionary path, commercial fundamentals are expected to exhibit solid
demand and increasing cash flows.
- Vacancy rates will likely provide mixed results, with multifamily
undergoing growing availability from an expanding supply pipeline.
- Office and retail properties will likely see vacancies move
sideways, while industrial spaces will find rent growth advancing at a
steady pace.
- For commercial investments, the trends have already shown in
pricing. Cap rates seem to have found a floor, and for some property
types, have already begun to turn upward.
...more RSK: I believe this outlook will hold true in our market as well for most sectors.
|