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 include:
- The decline in large cap CRE sales volume which began at the beginning of 2016 continued into the fourth quarter of this year.
- While sales of single assets declined nine percent, portfolio sales dropped 29 percent in the last quarter, a trend which characterized most of the year.
- Commercial real estate in small cap markets continued on a divergent path, with sales volume accelerating during the fourth quarter of 2016.
- REALTORS® reported continued improvement in fundamentals and investment sales.