Commercial real estate has staged an impressive turnaround since the financial crisis. But with the recovery well into its seventh year, slower absorptions, softer rent growth, and higher vacancies are in the forecast for many 12th District markets. The office and apartment sectors could to see the sharpest slowdown because of new supply in these sectors. Despite the slowdown, most 12th District markets remain healthy and should perform relatively well, even if not at the impressive rent growth and declining vacancy rates seen over the past few years.
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