ULI Real Estate Business Barometer -- March 2013
March 11, 2013
Industrial and retail property sectors gathered steam as absorption vaulted; retail rents reversed their 4.5-year slide. Commercial property transactions settled down following an impressive end-of-year spike, but buyer appetite otherwise showed strength: prices are at, and CMBS issuance is near, post-recession highs. Apartment rents reached an all-time high. Distress sales continue to drag down existing home prices, but foreclosures are now at 6-year lows.