Economists' Outlook

Housing stats and analysis from NAR's research experts.

Commercial Market Outlook - Vacancy Rates Down

Job growth is a key driver of the demand for commercial space. Economists are forecasting an increase in payroll jobs in the neighborhood of 2 to 2.5 million for the next two years based on GDP growth in the 2 to 3 percent range. A continued recovery for the commercial sector is projected in NAR’s February edition of the Commercial Real Estate Outlook. Additional details are available here.

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