Q3 Shows Slowdown in Commercial Real Estate Growth

After the strong rebound for the U.S. economy in 2021, growth in 2022 has slowed in the face of rising inflation, the household income squeeze, and geopolitical events.

While the economy continues to deal with elevated inflation, data shows a slowdown in the growth of commercial real estate. Demand for apartments and rent growth decelerated, and the office sector continued to struggle amid hybrid work conditions. On the positive side, demand for retail spaces has remained positive for seven straight quarters and the industrial sector shows no signs of stopping.

Read the full story on the NAR Economists' Outlook Blog.