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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