Commercial real estate poised for active 2006

NAR's new leading index tracks market trends

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The National Association of Realtors launched a new leading indicator for the commercial real estate market today that shows an increase in commercial brokerage activity can be expected over the next six to nine months. David Lereah, NAR's chief economist, said the new index shows the broad recovery in commercial real estate markets will continue. "In fact, the index increased in nine of the last 10 quarters this trend implies that commercial activity of net absorption and the completion of new buildings will remain solid through the third quarter of this year." The Commercial Leading Indicator for Brokerage Activity is a new tool to assess market behavior in the major commercial real estate sectors. "The index incorporates 13 variables that reflect future commercial real estate activity," Lereah said. "Our methodology follows a well-known process of looking at changes in individual indicators and then weighting them appropriately in a process that results in a single indicator of fu...