11/13/2014 | By Calvin Schnure
Sustained above-trend job growth is having a broad impact on commercial property markets. Demand for rental housing has accelerated this year, allowing the apartment sector to absorb a significant increase in new supply with little impact on vacancy rates. The office sector was little changed, on balance, with both completions and net absorption up roughly 40 percent year-to-date. The retail sector remains sluggish, with low net absorption and flat rent growth. For more information, see Commercial Property Update 2014:Q3.