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The Society of Industrial and Office Realtors® (SIOR) index of commercial activity shows that based on the results of the latest survey commercial markets have continued to improve. SIOR members expect conditions to improve going forward into 2012, with 67 percent of respondents anticipating a better market in the next three months.
With employment trends moving in an upward direction, the outlook for commercial real estate points to a stronger 2012. Based on the Bureau of Economic Analysis’s estimates, gross domestic product (GDP) continues to improve. As jobs are added along with economic growth it is expected that the demand for commercial space will increase in 2012.
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