December 21, 2005—Colliers International, the global real estate services firm, has launched its 2006 Real Estate Forecast, providing an in-depth look at the nation’s commercial real estate market with predictions and top trends for the coming year—specifically, the industrial, retail and office subsets.
According to the firm’s research, the US commercial real estate sector will enjoy another blockbuster year aided by considerable momentum going into 2006, which will continue to fuel growth in industrial, retail and office real estate.
Colliers predicts the office sector along with the industrial sector will clock substantial expansion in 2006 where vacancy levels are projected to drop while rents are poised to increase. On the office side, due to healthy job growth, demand for space continues to surge. Colliers also remains bullish on industrial, since manufacturing, imports/exports and industrial production are all pointing up. Finally, retail will continue to thrive, fueled by consumer spending, expansion into new markets and the revitalization of urban downtowns.
Colliers International is a global partnership of independently owned commercial real estate firms. For more information, visit the Web site.
