shutterstock_162744362

Commercial Rents Will Rise in 2016

Feb. 29, 2016

Economic recovery continues as office, industrial, retail expected to see gains.

Commercial rents in office, industrial, and retail spaces are expected to see moderate growth in 2016, according to new research. The 2016 Real Estate Market Outlook from CBRE projects that while global rents will rise by 2.2% annually and global GDP will grow, most U.S. office markets will tighten in the coming year. Researchers are quick to note that this is highly dependent on job growth in industries using offices and will necessarily fluctuate between markets.

With total retail sales expected to grow by 3.3% in the U.S. and e-commerce leading the way with 13% growth, U.S. retail is expected to see gains as brick-and-mortar locations begin to utilize technology such as smartphone apps and social media to compete with e-commerce offerings. The explosion in e-commerce is also projected to affect the industrial sector, with more developers looking to small facilities to help meet consumer demand.

Voice your opinion!

To join the conversation, and become an exclusive member of Buildings, create an account today!

Sponsored Recommendations

Building Better Schools

Download this digital resource to better understand the challenges and opportunities in designing and operating educational facilities for safety, sustainability, and performance...

Tips to Keep Facility Management on Track

How do you plan to fill the knowledge gap as seasoned facility managers retire or leave for new opportunities? Learn about the latest strategies including FM tech innovations ...

The Beauty & Benefits of Biophilic Design in the Built Environment

Biophilic design is a hot trend in design, but what is it and how can building professionals incorporate these strategies for the benefits of occupants? This eHandbook offers ...

The Benefits of Migrating from Analog to DMR Two-Way Radios

Are you still using analog two-way radios? Download this white paper and discover the simple and cost-effective migration path to digital DMR radios that deliver improved audio...