April 2015
Past Issues | Advertise

Sustainable Growth Nationwide Predicted for the Next Three Years

Print this Article | Send to Colleague

BOMA International reports that the most recent 3-year forecast from the Urban Land Institute (ULI) expects the real estate industry "to remain on a sustainable course of solid growth for 2015 through 2017." The study surveyed 43 of the industry's top economists and analysts representing 32 of the country's leading real estate investment, advisory and research firms and organizations.

The good news: national vacancy rates are expected to continue dropping from the current rate of 13% to 12% by 2017; rentals are predicted to rise 4% this year, 4.1% next year and 3% in 2017, and total annual returns are projected to be 11.8% this year, 10% in 2016 and 9% in 2017. You can get the complete forecast here: ULI website.