US DATA: NAR Q4 commercial RE forecast says “Most of the major commercial real
estate sectors show gradually improving fundamentals and are easily absorbing
the relatively small amount of new space that is coming online, with a full
recovery already in the multifamily market.” Vacancy rates over the next four
quarters are forecast to decline 1.0 percentage point in the office market, 0.6
point in industrial, 0.2 point for retail and 0.1 point in multifamily; however,
multifamily has the tightest availability and is experiencing the strongest rent
increases, well above the rate of inflation. “The primary factor holding back
greater job creation has been uncertainty over regulations and associated
costs.”