Commercial & Investment Research

Commercial Real Estate Outlook

The Commercial Real Estate Outlook (CREO) is NAR's flagship commercial research publication. It is produced quarterly and includes the latest market information on five major commercial real estate sectors — industrial, office, multi-family, retail and hospitality real estate. The publication includes national and metropolitan data from the respected research firms of Torto Wheaton and Real Capital Analytics, along with in-depth analysis from NAR Research. The full report is available only to NAR members, and the summary report is open to all visitors.

News Release

December 17, 2008: Commercial Real Estate Outlook Dampened

CREO Downloads

CREO Summary: Fourth Quarter 2008

The economic recession and financial turmoil are impacting the fundamentals in commercial real estate. Employment is taking a hit, especially in manufacturing, construction and financial services industries. Vacancy rates are rising in all sectors due to lack of demand. The absence of liquidity in the markets has dried up credit availability for commercial projects. In turn, transaction activity is down over 70 percent compared with last year.

Full CREO Issue: Fourth Quarter 2008

For NAR members only: This report includes details on individual markets, vacancy-rate tables and more. Full CREO Issue > (PDF: 494.73KB)

List of Markets Covered

The Commercial Real Estate Outlook includes statistics on 54 of the nation's largest markets.
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