The outlook for 12th District CRE markets is generally positive but tempered by continuing slow business expansion and job growth. Apartment and hotel fundamentals have nearly normalized with the return of economic growth. However remaining economic uncertainty has slowed the recovery in the office and industrial sectors. The retail sector continues to struggle with high vacancies, falling rents, and weak absorption, as consumer confidence remains low.
Author: Federal Reserve Bank of San Francisco
Date of Publication: Novemeber 29, 2011
Last Updated: November 29, 2011