A decrease in construction has been assisting the Commercial Real Estate Industry in becoming more stable. The contraction in new construction has limited the amount of vacant spaces. Apartment rent should slowly rise in correlation with the gradual increase in job growth. This increase accompanied with our younger population leaving the nest and renting for the first time should lead to a rise in apartment demand as well as prices for rentals. The National Association of Realtors (NAR) is also predicting a decline in office & retail markets. As jobs become more available and hiring increases, vacancy rates for all markets should abate.
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