NAR’s 2017 commercial real estate forecast

ORLANDO, Fla. – Nov. 7, 2016 – Commercial real estate has steadily recovered in recent years, sustained by improving job growth and strong demand for multifamily housing. Looking ahead to 2017, growth is expected to flow into the smaller markets, according to a commercial real estate forecast session at the 2016 Realtors® Conference & Expo. Lawrence Yun, NAR chief economist, and K.C. Conway, senior vice president of credit risk management at SunTrust Bank, expressed confidence that commercial real estate activity should remain on an upward trajectory, but with more uncertainty given the likelihood of a rising interest rate environment in 2017. The commercial real estate sector is on firm gro

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