Last month we shared news that the South Florida CRE market was rebounding with the help of international trade, and according to the recent Commercial Real Estate Market survey from the National Association of Realtors all U.S. CRE markets are improving. One of the major reasons for the improvement is being attributed to sustained job creation, which in turn is increasing the demand for space.
The National Association of Realtors also predicts that within the next yearB vacancy rates will decline 0.4% in the office sector, 0.8% in industrial real estate, 0.9% in the retail sector and 0.2% in the multifamily rental market.
If you are interested in investing in commercial real estate in the South Florida area contact Morris Southeast Group at 866-930-1426.
Source: Property Wire
Google Images
Tags: commercial real estate, Commercial Real Estate Trends, CRE trends, South Florida commercial real estate, South Florida commercial real estate services
