The Index rose 0.1% in Q4 to 120.1, from 120.0 in the previousquarter. It is 1.8% above the 118.1 that registered the same timeperiod last year.
"Growth is leveling off," Scott MacIntosh, senior economisttells GlobeSt.com. "The good news is it is not declining so we willstill see fairly good absorption this year."
NAR expects net absorption of space in the office and industrialsectors to be steady over the next six to nine months, reachingfive million to 15 million sf in Q2 2007, with about $315 billionto $320 billion in new, completed commercial construction activity.This compares to the $311 billion of new construction recorded inthe Q4 of last year.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
