2018 Performance Forecast for Top 4 Commercial Real Estate Sectors
The four main sectors of the Commercial Real Estate industry are expected to see different levels of growth/decline in 2018. After a long economic expansion, Colliers International predicts the market hit its peak in 2017. According to economists, numerous factors indicate that the market should expect a slow decline in the upcoming year, but they are “not ready to pronounce an end to this economic expansion.”
Office: Slow and steady growth as the sector balances new supply levels, occupancy rates, and asking rents.
Multifamily: Decline due to slow wage growth, declining consumer confidence, and a surplus of apartment complexes.
Industrial: Remain a star performer due to increased demand for warehouse and distribution centers
Retail: Continue to decline due to heavy levels of store closures
Want more details on the specific factors impacting each sector? Check out the full article on Forbes: https://goo.gl/4ycJxz