CRE Demand Maintains Its Steady Path
February 26, 2019 | Tanya Sterling | Globe St.com
WASHINGTON, DC—A voracious appetite for commercial real estate demonstrates no signs of lessening as demand exceeded supply growth for retail, apartments and office markets, and was matched in industrial space.
According to market commentary from NAREIT, vacancy rates declined in office and retail markets, slightly changed in industrial, and had a small seasonal uptick within the multifamily sector. Rent growth decelerated, however, for office, retail and industrial properties while apartment rents continue to accelerate.
Industrial property markets had supply and demand roughly balanced, at high levels, as steady increases in e-commerce sales drive the demand for logistics facilities to ship goods purchased online.