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Updates

NAR August Update

Credit National Association of Realtors

August 2025 Commercial Real Estate Market Insights

“In July 2025, the Federal Reserve held its benchmark rate at 4.5% for the fifth consecutive meeting, holding steady after last year’s cuts. Inflation was virtually unchanged at 2.7%, remaining above the Fed’s 2% goal. Job growth weakened, with payrolls up just 73,000 after sharp downward revisions in May and June, while unemployment edged up to 4.2%. The economy, however, showed some resilience, with GDP rebounding 3% in Q2, driven by stronger consumer spending and lower imports. With the labor market cooling, the Federal Reserve is anticipated to cut the rates as soon as September, eventually easing borrowing costs in the commercial real estate market.”

Link to NAR site

https://www.nar.realtor/research-and-statistics/research-reports/august-2025-commercial-real-estate-market-insights

Updates

April 2021 Commercial Real Estate Market Trends and Outlook

The commercial real estate market is recovering but remains weak compared to conditions before the COVID-19 pandemic, according to NAR commercial members who responded to the 2021 Q1 Commercial Real Estate Quarterly Market Survey and industry data.

Acquisitions for large commercial real estate―properties or portfolios of at least $2.5 million ― fell 28% year-over-year in the first quarter of 2021, with transactions declining across all property types, except for hotel acquisitions. Investors could be acquiring hotels to convert into other uses such as multifamily housing.

Among commercial members of NAR who participated in the quarterly market survey and whose acquisitions were typically properties or portfolios of less than $2.5 million, transactions declined by an average of 1%. Respondents reported an increase in sales of land and industrial properties and a decline in sales of other types of commercial real estate.

Commercial real estate prices continue to firm up, but the value of commercial real estate is still broadly down by 6% compared to one year ago.

A majority of NAR commercial members who responded to the 2021 Q1 commercial survey―70% ― reported that companies are leasing or moving into office with small square footage due to working from home.

Information Provided The National Association of Realtors

Updates

National Association of Realtors April 2020 Trends and Outlook Report Is Out

Link: COMMERCIAL REAL ESTATE TRENDS & OUTLOOK
April 2020 Report (Credit National Association of Realtors)

“Economic outlook. We expect the second quarter GDP growth to be the steepest decline in the U.S. history – likely in excess of 15% contraction on an annualized basis. What will be critical is the recovery in the second half of the year. Is it going to be sharp and quick rebound of a Vshaped or a sluggish recovery of staying low for a period before a recovery of a U-shaped?
That will depend on the economy’s response to the stimulus measures and the path of virus containment. The best guess is for the second half GDP growth to be insufficient to compensate for the loss in the second quarter. Therefore, we expect GDP to have contracted around 3% to 5% for the year as a whole and net job losses totaling around 3 to 5 million.”

Updates

Commercial Real Estate Lending Stats are Out

According to the National Association of Realtors Commercial Lending 2019 Report

Credit National Association of Realtors

Highlights

The 2019 survey on commercial lending takes place in an economic environment marked by slightly higher interest rates and a lower level of bank reserves held by depository institutions that underpin the level of lending.

  • 56% of respondents reported an increase in net operating income in 2018, a decrease from 65 percent in the previous year’s survey.
  • 38% of respondents reported tighter lending conditions in 2018, up from 35 percent in 2017, with a higher fraction for retail stores.
  • 65% of respondents reported the client used debt financing to purchase a property, with higher reliance on debt financing for suburban offices and retail malls.
  • 5% to 7% was the average interest rate on loans.

Read the full report here:

2019 Commercial Lending Survey