The National Associations of Realtors has released their 2015 commercial real estate outlook report, Scaling New Heights – Commercial Real Estate Expectations and Market Realities in Real Estate 2015.
As 2015 moves along, numbers of investors are increasingly optimistic versus prior years. Growth in the economy has been increasing, job growth has been improving, and consumers have been given a “shot in the arm” as gasoline prices have dropped. Compared to the markets and financial systems in other developed countries, the U.S. looks generally healthy, economy-wise.
With regard to investing in commercial real estate, interest rates remain low while market fundamentals continue to improve. Volume and pricing have been increasing, especially with regard to high-quality properties in the coastal markets. We have also seen high values and prices in secondary markets.
The report gives commercial real estate investors information to help them make forward-looking changes to the way they approach today’s market, focusing on the economic outlook and the capital markets, and covers various property types:
- Office
- Industrial
- Retail
- Apartment (multifamily)
- Hotel