Commercial Real Estate Outlook | realtor.org
Nice economic overview and outlook along with interesting data about commercial real estate. Commercial buildings of less than 17,000 square feet account for 81% of the total buildings, yet only 29% of the total square footage. This small commercial real estate (SCRE) sales have increased 8.5% year-over-year in the first quarter, while large commercial real estate (LCRE) sales have decreased 20% year-over-year in the first quarter. The data would suggest that investors are starting to recognize the value in smaller markets.
A stronger labor market and increasing household formation should keep commercial real estate demand on a gradual incline.