Highlights

• Commercial real estate (CRE) notched another year of growth in 2015, favored by continued macroeconomic growth and broadening capital markets.
• Commercial vacancy rates declined for the core property types. Availability is expected to continue contracting for office, industrial and retail properties in 2016.
• 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 in the 2.5 percent to 4.0 percent range.
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