COMMERCIAL REAL ESTATE FUNDAMENTALS IMPROVING, LENDING TIGHT FOR SMALL BUSINESS

With vacancy rates modestly falling and rents moderately rising in commercial real estate sectors, market fundamentals have improved, but financing remains a challenge for small business, according to the National Association of Realtors® quarterly commercial real estate forecast…National vacancy rates over the coming year are expected to decline 0.1 percentage point in the office market, 0.5 point in industrial, and 0.3 point for retail; however, the average multifamily vacancy rate is forecast to rise 0.2 percentage point, with that sector still showing the tightest availability and biggest rent increases.  read entire article.  Author/Media Contact:  Walter Molony.  Source:  National Association of Realtors®