The National Association of REALTORS® (NAR) released its annual Commercial Lending Trends Survey this spring, which details REALTOR®’s commercial financing conditions, including liquidity conditions, market impact, and funding sources.
The highlights of the report are as follows:
- Commercial vacancy rates declined for the core property types. Availability is expected to continue contracting for office, industrial and retail properties in 2015 and beyond.
- Vacancies for apartments are estimated to rise, due to gains in supply.
- Commercial rents have risen across the board, and are projected to advance this year to the tune of 2.5 percent to 3.7 percent.
- Lending conditions in REALTOR® markets notched another year of sustainable recovery.
To download and read the full Commercial Lending Trends Survey Report, visit the NAR website.
About NAR
According to its website, the National Association of REALTORS® is America’s largest trade association, representing over 1 million members, including NAR’s institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries. Membership is composed of residential and commercial REALTORS® who are brokers, salespeople, property managers, appraisers, counselors, and others engaged in the real estate industry. To learn more about NAR, visit their website.
