Commercially Speaking

Sales and leasing activity are up in commercial real estate, according to the National Association of Realtors® May Commercial Real Estate Market Survey. Realtors® reported commercial business opportunities were 4 percent higher than the fourth quarter 2012. 

Vacancies are declining in all four commercial sectors – residential, office, retail and industrial. This is good news for the market as it indicates a pickup in leasing activity. However, those strong fundamentals are encouraging landlords to provide fewer rent concessions; rental rates increased 1 percent compared with the previous quarter.

Where space requirements are concerned, tenant demand was strongest at 5,000 square feet and below. Forty-two percent of Realtors® reported clients opting for space in the range of 2,500 square feet. Rentals with 36-month and 60-month leases captured the bulk of the market. 

Story Springboard

  • Stay Informed

How is the commercial market in your area? Talk to a Realtor® for insight into any trends they see the market. How do vacancy rates hold up in your area compared to the findings in NAR’s Commercial Real Estate Market Survey?

Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.

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