Industries Commercial Real Estate

NAR says commercial real estate sectors are improving

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A quarterly commercial real estate forecast by the Washington, D.C.-based National Association of Realtors (NAR)  shows gradual improvements in all major sectors.

Ongoing job creation is fueling a growing demand for commercial real estate space, says Lawrence Yun, chief economist of NAR. He expects 2 million to 2.5 million more jobs this year and next year if a federal budget is passed before the end of the year.

The Washington, D.C., market reported the lowest vacancy rate for office space in the survey, 9.3 percent.

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