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WASHINGTON, DC-Fundamentals in the commercial real estate industry are forecasted to improve next year, according to the National Association of Realtors and the Society of Industrial and Office Realtors. In the meantime, firms with deep pockets, or at least access to capital, are taking advantage of the current environment to expand, says Lawrence Yun, NAR chief economist. “Vacancy rates are beginning to level off in some sectors, but rent discounts and moderate levels of landlord concessions are widespread,” he said. “This is very much a tenant’s market, which is quite favorable for businesses that are considering expansion.“

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