Commercial Real Estate Market Improving throughout U.S.
If you’ve been keeping an eye on the South Florida commercial real estate market then you know that it is slowly, but surely making improvements in certain sectors, but South Florida isn’t the only market that’s on the rise. According to the latest Commercial Real Estate Market survey conducted by the National Association of Realtors (NAR) all of the major commercial real estate sectors in the United States are improving in fundamentals.
NAR chief economist Lawrence Yun stated that vacancy rates are improving throughout every sector which is a result of the sustained job creation increasing the demand for space. NAR predicts that vacancy rates will continue to fall throughout the next year 0.4% in the office sector, 0.8% in industrial real estate, 0.9% in the retail sector and 0.2% in the multifamily rental market.
For information on how you can invest in South Florida commercial real estate visit our website www.miamiofficeleases.com or give us a call at 888-774-9692.