Demand for commercial real estate trends up

Investment yields average 6% to 8%, higher than Treasuries, bonds

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The growing U.S. economy will eventually need to add workers, which will foster positive fundamentals for commercial real estate, according to the National Association of Realtors Commercial Real Estate Quarterly. David Lereah, NAR's chief economist, said the demand for commercial real estate space is trending up. "With a continuation of low interest rates and high productivity, the economy is experiencing a recovery. Since employers have gotten about as much as they can from higher productivity, they'll have to start hiring more workers which will boost the demand for space." The NAR analysis covers a wide range of statistics and market rankings for the major commercial sectors in 54 markets tracked, including the office, retail, warehouse and multifamily markets, as well as market sector forecasts. It is produced with data provided by Property & Portfolio Research. With a slowdown in new construction and a modest resurgence in demand, the office, warehouse and multifamily sect...