Real estate market looks bright

The national commercial real estate market is fairly healthy going into 2015, according to an analysis from global property firm CBRE Group.

“Vacancy rates are still above pre-crisis troughs, but they are at or below the long-term averages,” CBRE Americas Chief Economist Jeffrey Havsy says in a statement. “Continued economic growth combined with muted supply should lead vacancy rates to fall even further in 2015.”

Vacancy rates in office, industrial and retail space all declined in the fourth quarter, the report shows. The office vacancy rate has now fallen in 10 consecutive quarters, and the 2014 office market's performance was the best since 2007. “We do expect office space demand to remain strong during 2015,” Havsy says, “fueled by healthy expansion, low inflation and the internal stability of the U.S. economy.”