NAR Chief Economist Sees Sluggish but Improving Commercial Outlook

Washington, DC – May 13, 2011 – (RealEstateRama) — The commercial real estate market continues a slow pace toward recovery with occupancy rates rising in the office and industrial properties in most major cities across the U.S. supported by rising employment and restocking of wholesale inventory, according to National Association of Realtors® Chief Economist Lawrence Yun. At the “Economics Issues and Commercial Business Trends Forum,” Yun identified bright spots and challenges within the commercial sector.