ULI Chicago News

U.S. Commercial Real Estate Recovery to Advance in 2013 says Emerging Trends 2013 Report

ULI PRESS RELEASE DENVER (October 17, 2012) – The real estate recovery is set to advance in 2013 as modest gains in leasing, rents, and pricing will extend across U.S. markets from coast-to-coast and improve prospects for all property sectors, according to the findings of the Emerging Trends in Real Estate® 2013 report, released today by PwC US and the Urban Land Institute (ULI).

According to survey participants, despite a slower-than-normal real estate recovery track, U.S. property sectors and markets will register noticeably better prospects as compared with last year. Recent job creation should be enough to increase absorption and push down vacancy rates in the office, industrial, and retail sectors, helped by the limited new supply in commercial markets.

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Register for ULI Chicago’s Real Estate Forecast 2013 for more information on the Emerging Trends report and Chicago perspectives from a panel of local experts

 

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