NAR forecasts continued declines in rent for commercial real estate

The National Association of Realtors released its latest projections for commercial real estate. In this report, the NAR forecasts continued declines in rents across all segments of commercial real estate.

Here is the NAR’s breakdown for 2010 rent changes (followed by last year’s change in rent):

Office Market: -7.2% (2009: -12.7%)
Industrial Market: -9.6% (2009: -10.9%)
Retail Market: -2.4% (2009: -4.0%)
Multifamily Market: -3.4% (2009: -3.6%)

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