Commercial Real Estate Projections for 2015-2017
harkins / October 21, 2015
At Harkins Commercial Real Estate we are brokers and property managers that you can trust to help you make the hard decisions your company needs to. When it comes to purchasing or leasing commercial property you can count on us to show you the best suited properties for your business.
A recent survey prepared by the ULI Real Estate Consensus Forecast was recently published and their findings are less optimistic than were projected only six months ago. However, they do predict that the market will continue to grow in the next three years. The survey was relevant for real estate conditions in the United States from 2015-2017. Here are a few of the most interesting projections taken from the survey:
- Commercial real estate prices are estimated to raise by 6.8 percent. On average this prices only increases by 5.4 percent.
- Commercial real estate transactions are forecasted to be at $503 billion in the next three years.
- Commercial Mortgage-Backed Security Issuance is calculated to increase to $140 billion in 2017.
- Rental properties used for Offices and Warehouses are expected to rise by 4 percent each year from 2015 to 2017.
We are happy to keep our clients up to speed on industry trends so they can make the best decisions for their businesses. Having a broker who is informed on what’s happening in the real estate market as well as understands what your business needs ensures that you’ll receive exactly what you’re looking for.
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