Wednesday, July 15, 2015

U.S. Commercial Sectors Enjoy Continued Momentum in Q2 via WORLD PROPERTY JOURNAL

According to CBRE, the U.S. commercial real estate market continued to exhibit strong momentum across all property types in the second quarter of 2015.

CBRE reports that during Q2:

The office vacancy rate dropped 40 basis points (bps) to 13.5%, now at lowest point since Q3 2008 (13.2%).

In Q2 2015, the industrial availability rate dropped 30 bps to 9.8%--matching the cyclical low achieved in Q4 2007.

The retail availability rate dropped 10 bps, ending the quarter at 11.4%.

Demand for the nation's apartment buildings continued to grow with vacancy dropping to 4.3% in Q2 2015.

Read more...U.S. Commercial Sectors Enjoy Continued Momentum in Q2 - WORLD PROPERTY JOURNAL Global News Center

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