The National Association of Realtors has released its 2015 Q4 Commercial Real Estate Outlook report, offering overall projections for the four major commercial property sectors, office, industrial, retail, and multifamily, and analyzing quarterly data for the same.
Highlights of this report include:
- Continued positive pace for demand for commercial leases in the third quarter of 2015.
- Construction has been growing across all of the property types, but a gap between demand and supply put downward pressure on availability.
- Commercial fundamentals are anticipated to improve as vacancies continue a downward trend.
- Prices are set to continue advancing in the last quarter of 2015, as shortage of inventory and larger pools of capital, both equity and debt, seek optimum yields.