National Association of Realtors® (NAR) Commercial Real Estate Outlook for the first quarter of 2016
The National Association of Realtors® (NAR) Commercial Real Estate Outlook for the first quarter of 2016 focuses on market performance large and small commercial property sectors. The report provides an overall view of economic indicators, investment sales of commercial real estate, and commercial property leasing fundamentals.
Some highlights of this quarters reports include:
- Rising employment levels drove demand for space across the spectrum of commercial properties.
- Vacancies continued to decline in the fourth quarter of 2015, combining with rising rents to improve cash flows.
- U.S. macroeconomic momentum declined during the fourth quarter of 2015 as it was buffeted by a global economic slowdown and volatility in the financial markets.
- Business investments stalled a touch, and the strong dollar had an impact on net exports. Payroll employment was a bright spot, closing 2015 with a total of 2.7 million net new jobs. This was given a boost by private service industries.