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.

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