Commercial & Investment Research

Commercial Real Estate Outlook (CREO)
Commercial & Investment Research

The Commercial Real Estate Outlook (CREO) is NAR's flagship commercial research publication. It is produced quarterly and includes the latest market information on five major commercial real estate sectors -- industrial, office, multi-family, retail and hospitality real estate. The publication includes national and metropolitan data from the respected research firms of Torto Wheaton and Real Capital Analytics, along with indepth analysis from NAR Research. The full report is available only to NAR members, and the summary report is open to all visitors.

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Commercial Real Estate Outlook (CREO) Downloads

CREO Summary: 2008 First Quarter
Commercial real estate market fundamentals are fairly stable, although investment is waning following a record year in 2007, according to the latest COMMERCIAL REAL ESTATE OUTLOOK. Investment in commercial real estate in 2007 was $427.2 billion, up 39.2 percent from the previous record of $306.8 billion in 2006; that total does not include transactions valued at less than $5 million or investments in the hospitality sector, based on analysis of data from Real Capital Analytics.  NAR projects the investment dollar volume this year could drop by 30 to 40 percent, comparable to 2006 levels.
CREO Summary (74K PDF)>

Full CREO Issue: First Quarter 2008 -- For NAR Members Only
(NAR members only)
This 18-page report includes details on individual markets, vacancy-rate tables and more.

Full CREO Issue (367K PDF) >

List of Markets Covered
The Commercial Real Estate Outlook (CREO) includes statistics on 54 of the nation's largest markets.
View the List>

News Release
Commercial real estate fundamentals strong, but investment slowing.
Read the Release>