The Index rose 0.1% in Q4 to 120.1, from 120.0 in the previous quarter. It is 1.8% above the 118.1 that registered the same time period last year.
"Growth is leveling off," Scott MacIntosh, senior economist tells GlobeSt.com. "The good news is it is not declining so we will still see fairly good absorption this year."
NAR expects net absorption of space in the office and industrial sectors to be steady over the next six to nine months, reaching five million to 15 million sf in Q2 2007, with about $315 billion to $320 billion in new, completed commercial construction activity. This compares to the $311 billion of new construction recorded in the Q4 of last year.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.