Corfac News

16 042014

Optimistic Outlook for CRE Industry

The latest Urban Land Institute/EY Real Estate Consensus Forecast (a semiannual survey of economists and analysts at the nation’s leading real estate organizations) projects steady growth for the U.S. economy, sustained strength from real estate capital markets, and continued improvement in the commercial real estate sector in the years ahead. This promising news was featured in a recent REJblog from the editors of www.rejournals.com.

Forecast findings include:

commercial property transaction volume will soar to $430 billion by 2016 (exceeding the volume of 2006),
retail rental rates are expected to rise in 2014, and
vacancy rates for office, retail, and industrial properties are expected to fall this year, too.

Read more from Urban Land Institute about this optimistic forecast at: http://uli.org/research/centers-initiatives/center-for-capital-markets/barometers-forecast-and-data/uli-real-estate-consensus-forecast/.

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Locally Owned. Globally Connected

CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 49 offices in the U.S., 5 in Canada and 17 in international markets, including Australia, Colombia, France, Germany, Ireland, Israel, Italy, Japan, Mexico, Romania, Russia, South Korea, Switzerland and the United Kingdom. CORFAC offices completed more than 10,000 lease and sales transactions totaling 620 million square feet of space valued in excess of $8.2 billion in 2018.

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Optimistic Outlook for CRE Industry

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