U.S. National Association of Realtors Forecast (Text) - Bloomberg

The following is the text from the NAR’s quarterly commercial real estate forecast release.

Growth in Commercial Real Estate Markets Expected in 2012.

Commercial real estate markets have been relatively flat this year, but improving fundamentals mean a more positive trend is expected in 2012, according to the National Association of Realtors.

Lawrence Yun , NAR chief economist, said there is little change in most of the commercial market sectors. “Vacancy rates are flat, leasing is soft and concessions continue to make it a tenant’s market,” he said. “However, with modest economic growth and job creation, the fundamentals for commercial real estate should gradually improve in the coming year.”
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