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Commercial Real Estate Markets Continue Improvement

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.

George Ratiu, Director, Quantitative and Commercial Research

George Ratiu, Research Economist, writes regular economic columns and conducts research in the areas of commercial real estate, international investments, mortgage performance and foreclosures. He produces NAR’s Commercial Real Estate Outlook and manages quantitative surveys, including the Commercial Real Estate Quarterly Market Survey.

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Comments
  1. I hope that the Commercial Real Estate market continues to improve as the economy will be better off. I think that as the job market improves, the Commercial Real Estate market will do the same

  2. Yet another indicator that the commercial real estate market is improving. There is hope for it yet. While it will take a long time for demand to catch up with supply, I appreciate this reason for optimism.