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:
- Third quarter fundamentals in LCRE displayed an even picture, with solid demand and rising construction.
- However, for most property types absorption took a breather, giving supply time to catch up, a trend which was reflected in flat availability.
- Commercial fundamentals in smaller markets maintained an even pace during the third quarter of 2016.
- While leasing volume moved sideways, with a 0.3 percent slide over the prior quarter, leasing rates advanced, rising 1.8 percent.