Florida was arguably the hottest commercial real estate market in 2021 Q4, boasting nine of the top 15 cities in the US, according to NAR's recently released 2021 Q4 Commercial Real Estate Metro Market Reports.
Its findings are based on NAR's Commercial Real Estate Market Conditions Index that captures market trends in the multifamily, office, industrial, retail, and hotel property markets in 390 metropolitan areas or portions of these areas.
The index is based on the economic and demographic conditions of a metro area and commercial market indicators on net absorption, vacancy rates, rent, deliveries, ongoing construction, inventory, total sales volume, transaction price, and cap rates based on CoStar market data.
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