The 2017 Commercial Real Estate Forecast is Strong
According to the latest quarterly forecast from the National Association of REALTORS®, the commercial real estate sector is expected to remain steady in 2017. Strengthening demand in smaller markets and the progressively expanding U.S. economy mean good news for all sectors of the commercial market. NAR chief economist Lawrence Yun had this to say: “Steady hiring and low local unemployment levels are finally supporting higher wages and increased spending, which in turn bodes well for sustained demand for all commercial property types.”
Review the National Association of REALTORS® Commercial Real Estate Outlook: 2017 Q1 for more detailed information on how the commercial real estate market is expected to perform in 2017. Speak with a REALTOR® who specializes in commercial real estate in your area who can give insights into your region’s commercial sector.