NAR Article on Commercial Real Estate Condition

Summary of National Association of Realtors® article on commercial real estate: "Conditions Mixed in Commercial Real Estate but Fundamentals Good", May 15, 2008, by Walter Molony:

• NAR Chief Economist Lawrence Yun said performance in the commercial section is greatly mixed across the county. It is important to understand local market variations.
  
• To expect broadly slower net absorption for office and industrial space.
• Project softer rent growth in commercial real estate.
  
• Areas with strong job growth are doing fairly well.
• The article also listed the states with the strongest job growth and states with greatest job losses.
• Even with a lot of concerns about the economy, corporate profits are high.
• Analysis of quarterly data for major commercial sectors including office, industrial, retail market, and multifamily markets. Statistics include: net absorption of spaces, vacancy rates, annual rent growth percentage for the four market sectors.

As a real estate agent in Modesto, CA, I subscribe to the NAR news and automatically receive weekly email notifications on the subjects that interest me. This is a good way of keeping up to date on real estate market conditions and news.