Commercial real estate industry professionals and investors in Maryland may want to learn about the recent forecast for industry growth that has been issued by the Urban Land Institute Center for Capital Markets and Real Estate. The report, released on April 8, demonstrates that economists believe the commercial real estate market should experience continued growth for the next three years.
For 2015, the commercial property transaction volume is anticipated to rise to $470 billion, which is an 11 percent increase over 2014's figures. The volume is expected to again grow from that level in 2016 and 2017 by an additional 6 percent, with expected revenues of $500 billion in each year. A total of 46 economists were surveyed for the forecast. They all agreed that their will be an increased rental growth due to improved occupancy and vacancy rates in commercial properties.