Anita Kramer is ULI's Vice President, ULI Center for Capital Markets and Real Estate.
Multifamily commercial transactions vaulted last month, even as all other sectors declined, but buyer appetite showed overall strength. The stall in employment growth and decline in unemployment rate does raise questions.
Industrial and retail property sectors gathered steam as absorption vaulted; retail rents reversed their 4.5-year slide. Commercial property transactions calmed down following an impressive end-of-year spike, but buyer appetite otherwise showed strength.
Buyer appetite for commercial property hit post-recession highs; permits and starts of all housing types continue to hit high notes; condominium sales are staging a strong comeback.
Buyer appetite for commercial property softened a bit; the upward trajectory of permits and starts of all housing types is unabated; economic indicators continue to reflect sustained moderate growth.