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 volume in LCRE (Large Cap Commercial Real Estate) markets continued into the third quarter of this year.
  • While office sales were down 18 percent on a yearly basis—mostly due to a drop in CBD office transactions—suburban office sales rose.
  • Meanwhile, the industrial sector posted strong sales volume, exceeding the prior peak set in the third quarter of 2007.
  • However, the gains were outpaced by the 32 percent drop in retail sales during the third quarter.
  • Commercial real estate in SCRE (Smal Cap Commercial Real Estate)markets continued to experience advances in investment sales, however the momentum moderated during the third quarter of 2017.
  • Following on the first quarter's 4.4 percent decline and the second quarter's 4.4 percent increase in sales volume, REALTORS® reported sales volume rose 3.6 percent in the third quarter.



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