Commercial Real Estate Outlook

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NAR's latest Commercial Real Estate Outlook offers overall projections for four major commercial sectors and analyzes quarterly data in the office, industrial, retail and multifamily markets.


  • Investment trends in LCRE maintained a broad-based approach, as sales in both gateway cities and secondary markets advanced.
  • Investment volume in the large cap space totaled $152.7 billion, a 17 percent jump from the same period in 2017.
  • Following a moderation in momentum during the second quarter, small cap markets rebounded in the third quarter of 2018, as investors remained focused on higher yields.
  • Commercial real estate sales in SCRE markets increased by 1.6 percent from the same quarter in 2017.
  • The shortage of available commercial inventory remained ranked as the top concern for REALTORS®, fueling continued increases in transaction prices.


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