Office space vacancy rates are improving, however, some parts of the country are still experiencing negative absorption and lower rent prices. “Economic trends—whether it’s interest rates, job growth or inflation—have a direct impact on how businesses and investors approach commercial properties,” said Nadia Evangelou, senior economist and director of real estate research at the National Association of REALTORS®, who shared the outlook for the commercial real estate market during the association’s Real Estate Forecast Summit last week. “In the meantime, commercial real estate has been through a roller coaster ride over the past year.” continue
By Lauren Pinch