The National Association of Realtors® has published its Commercial Lending Trends Survey for 2015. Highlights of the survey include:
- Commercial vacancy rates declined for core property types. Availability is anticipated to continue contracting for retail, office, and industrial properties in 2015 and beyond.
- Vacancies for apartments are estimated to rise due to supply increases.
- Commercial rents have risen across the board, and are anticipated to advance in 2015 year from 2.5 percent to 3.7 percent.
- Lending conditions in Realtor® markets had another year of sustainable recovery.