Commercial real estate vacancy rates peaked-realtors

WASHINGTON, Nov 29 (BestGrowthStock) – U.S. commercial real estate
vacancy rates have already peaked or will soon top out, though
rents are likely to continue to fall, a realtors group said on
Monday.

The National Association of Realtors said it expects the
vacancy rate for office space to rise a tick to 16.7 percent
this quarter and gradually decline to 16.4 percent in the final
three months of next year.

“Still, high vacancy rates imply falling rents,” said NAR
chief economist Lawrence Yun.

(Reporting by Corbett B. Daly; Editing by Chizu Nomiyama)

Commercial real estate vacancy rates peaked-realtors