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.
- Commercial fundamentals are expected to maintain an upward trajectory.
- With employment in business and professional services still driving growth, demand for offices should remain solid.
- The industrial sector continues to ride the tail winds of trade and e-commerce.
- Multifamily properties benefit from a double-dose of boost—rising household formation and a shortage of residential housing—which will keep vacancies in check, even with rising new supply.