Boston is expected to be astar performer in 2020.
LOS ANGELES—First let's say at the outset that CBRE predicts2020 will be a very good year for commercial real estate.Transaction volume and cap rates are expected to remain stable, itsays in a new report.
But the year will not be without its challenges. One of whichwill be some risk of oversupply in Class A multifamily. It predictsthat the overall vacancy rate will edge up by 20 basis points to4.5% next year, which is still below the long-term average of 5.1%.Rent growth will likely edge down to about 2.4%, just under thelong-term average of 2.6%.
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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.
