Commercial Property Update 2012:Q4 (February 7, 2013)

Commercial property markets improved in late 2012 despite uncertainty about the fiscal cliff. Apartment vacancies declined further while office rents posted the strongest gain in years. The retail sector is moving sideways. Economic growth was mixed. Inventories and defense spending were weak, but core GDP—private domestic final sales—posted moderate gains. Job growth was revised higher, to 200,000 per month for the fourth quarter, a significant move towards healthier labor markets. Check the Commercial Property Update for more details.

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The Market Commentary blog on presents analysis of the macro- and micro-economic fundamentals impacting the REIT and commercial real estate industry. The Nareit economics team offers their commentary on the state of the market, the outlook for commercial real estate and breaking macroeconomic news. The opinions set forth here are solely those of its author(s), and do not necessarily reflect the views of the Nareit or its membership. For more, see our Terms of Use.