Survey Forecasts Favorable Real Estate Conditions for Next 3 Years

Petco storefront on the corner of a plaza late in the afternoon.

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The commercial real estate market is set to enjoy mostly favorable conditions through 2017, according to the latest three-year consensus forecast from the Urban Land Institute (ULI) Center for Capital Markets and Real Estate.

While the latest semi-annual outlook is slightly less bullish compared with six months ago, the majority of indicators in the forecast signal favorable economic conditions and capital markets in the United States.

“The U.S. economy continues to move forward, albeit not always in a straight line” said Calvin Schnure, NAREIT senior vice president for research and economic analysis and a respondent to the ULI survey. “Improving fundamentals are likely to boost occupancy and rent growth for REITs and commercial real estate markets for the next few years.”

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