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
June 18, 2008: Commercial Real Estate Easing in Economic Slowdown
CREODownloads
CREO Summary: First Quarter 2008
The fundamentals in commercial real estate remain healthy with only slight increases in vacancy rates expected for the office and industrial sectors during 2008, although credit restrictions have recently slowed overall investment activity. Commercial fundamentals are essentially sound. While vacancy rates remain relatively low for all sectors, they are expected to rise slightly in the office and industrial markets during the coming year because much of the space being absorbed is in high-quality buildings or is built-to-suit. Vacancy rates in the retail and multifamily sectors are projected to tighten in 2008 with rents rising in all sectors. Commercial real estate investment is at record-high levels, but tighter credit conditions will limit deals moving forward. Because capitalization rates are already very low, it is likely that commercial property prices will ease. The era of rapid commercial property price increases has ended.
CREO Summary > (135.41K PDF)
Full CREO Issue: First Quarter 2008
For NAR members only: This 18-page 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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