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.
- Demand for commercial leases kept a positive pace in the third quarter of 2015.
- Construction has been growing across all property types, but the gap between demand and supply exerted downward pressure on availability.
- Commercial fundamentals are expected to improve, with vacancies continuing on a downward trend.
- Prices are poised to continue their advance in the last quarter of 2015, as shortage of inventory and larger capital pools—both equity and debt—search for yield.