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SIOR CRE Index Rises to 12-Year High
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Research compiled by SIOR reveals an index that’s risen to the highest value since its creation in 2005, powered by gains in business investments, consumer spending, exports, and government spending. The SIOR Commercial Real Estate Index shows the national index closed Q1 2018 at an all-time high of 134, creating a positive expectation for the remainder of this year.
SIOR’s Del Markward says, “The gains in every aspect are a great sign of what is to come this year. With many SIORs feeling confident about their markets moving forward, and having the highest index in over 12 years, everyone is eager to see where we’ll be next quarter—and we are enthusiastic about the delivery for our clients.”
Gains were experienced in market fundamentals such as leasing activity, rent stabilization, new construction of office and industrial spaces, and development conditions shifting in favor of sellers.
While struggling through international tariffs and a new tax framework, commercial markets are poised for positive results throughout 2018. The majority of SIOR members expect conditions to improve, with 64% of respondents indicating growth.
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