Commercial Real Estate Vacancy Rates to Decline but Rent Recovery Delayed
Article originally published by the National Association of Realtors on realtor.org February 25, 2011.
According to the National Association of Realtors, despite a stabilization trend in commercial real estate, most markets will remain soft except for multifamily rentals.
NAR chief economist, Lawrence Yun, believes that a pullback in construction is helping to stabilize the market as very limited construction of new commercial real estate over the past few years has essentially fixed the supply of available space. Yun states, “This means vacancy rates could fall quickly from any increase in demand for commercial space.”
To read more of Yun’s views, and to view this article in it’s entirety, CLICK HERE.
This entry was posted by rlawrence on March 8, 2011 at 9:12 pm, and is filed under Economy, General. Follow any responses to this post through RSS 2.0. Responses are currently closed, but you can trackback from your own site.