Solid Fundamentals Support Commercial Real Estate
WASHINGTON, September 18, 2007

Most commercial real estate markets are enjoying relatively low vacancy rates and healthy rent growth from a fundamentally sound economy, according to the latest COMMERCIAL REAL ESTATE OUTLOOK of the National Association of Realtors®.
NAR Senior Economist Lawrence Yun said, "Commercial real estate responds to economic growth and job creation, which have been fairly strong over the past two years and have created the need for additional commercial space," he said. "These fundamentals will continue to support commercial real estate markets in 2008. There has not been much overbuilding in the commercial sectors, and investors are more diverse."
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CREO Summary: 2007 Third Quarter
Most commercial real estate markets are enjoying relatively low vacancy rates and healthy rent growth from a fundamentally sound economy, according to NAR's latest Commercial Real Estate Outlook. NAR's Vice President of Research Lawrence Yun explained that commercial real estate responds to economic growth and job creation, which have been fairly strong over the past two years and have created the need for additional commercial space. These fundamentals will continue to support commercial real estate markets in 2008. There has not been much overbuilding in the commercial sectors, and investors are more diverse. A record $257.0 billion was invested in commercial real estate in the first seven months of 2007, up from $146.7 billion in same period in 2006; that total does not include transactions valued at less than $5 million, or of investments in the hospitality sector.
CREO Summary (128K PDF)>

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