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NAR: CRE Remains on Firm Footing

An expectation of “more of the same” growth bodes well for sustained interest in all types of commercial property space, says Lawrence Yun at the National Association of Realtors.

By Paul Bubny | paulbubny | Updated on September 13, 2017

National Association of Realtors economist Lawrence Yun Yun says NAR expects “a plateau in price growth over the next year” for commercial real estate.

WASHINGTON, DC—Notwithstanding expectations of a flattening in property price growth over the next year, strong leasing demand and investor appetite in smaller markets should keep commercial real estate on firm footing. So says the National Association of Realtors in its latest quarterly CRE forecast.

NAR’s chief economist, Lawrence Yun, says the domestic economy is chugging along at a respectable pace. “A very healthy labor market and stronger confidence and spending from both consumers and businesses boosted economic expansion to a solid 3% last quarter,” Yun says. “There’s legs for more of the same growth to close out the year, which bodes well for sustained interest in all types of commercial space.”

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