NAR analyzed 390 commercial real estate markets and found a robust recovery with positive net absorption and strengthening rents across the multifamily, industrial and retail property markets as economic production rebounds to pre-pandemic levels.
Retail Vacancy Rates at Lowest Levels Since Q2 2020 With people returning to physical stores and food and drinking places, demand for retail space in Q2 2021 exceeded pre-pandemic peak levels. By: Brandon Hardin Retail Properties Original source: https://www.nar.realtor/blogs/economists-outlook/commercial-weekly-retail-vacancy-rates-at-lowest-levels-since-q2-2020
Thriving Office Market in Secondary Cities With remote and hybrid workstyles bolstered by the continuing pandemic, office space demand continues to be on the decline except in secondary cities. By: Scholastica (Gay) Cororaton Commercial & Investment Real Estate Original source: https://www.nar.realtor/blogs/economists-outlook/commercial-weekly-thriving-office-market-in-secondary-cities
Renter Demand Shifts Toward Class B/C Apartments The apartment vacancy rate has fallen to a decade low of 4.5%, and the asking rent has soared to a historic high of 10.5%. By: Scholastica (Gay) Cororaton Commercial & Investment Real Estate, Rental Properties Original source: https://www.nar.realtor/blogs/economists-outlook/commercial-weekly-renter-demand-shifts-toward-more-affordable-and-suburban-class-bc-apartments
Adaptive reuse and infrastructure represent two of the 10 issues expected to have the most impact on real estate during the 2021–2022 cycle. Original source: https://www.nar.realtor/commercial-connections/repositioning-suburbia
NAR Petition Opposes DOJ Breach of Settlement Agreement The DOJ effort to take out from the totally binding contract, after NAR had actually started to execute its terms, is a violation of the arrangement as well as the law.Media Contact: Mantill Williams 202-383-1128 Initial resource: https://www.nar.realtor/newsroom/national-association-of-realtors-files-petition-to-oppose-department-of-justice-breach-of-settlement-agreement
Student Loan Debt Is Curbing Millennial Homeownership Americans with high student debt often must choose between retirement investment, buying a home, getting married, starting a family, or saving money. Media Contact: Tori Syrek Original source: https://www.nar.realtor/newsroom/student-loan-debt-holding-back-majority-of-millennials-from-homeownership