Commercial Property Update 2014:Q3

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.

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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.