According to a forecast made by a UCLA economist in July 2016, the bull market that has characterized commercial real estate in Maryland and around the country for almost a decade is coming to an end. Although market segments like multifamily housing have grown since 2011, experts say that fewer tenants are willing to pay high monthly rental rates.
Consumer habits were cited as important factors in the CRE market. Around 20 percent of all department store mall anchors are predicted to close over the next few years. This is contrary to the fact that retail sales have been on the upswing overall, but analysts point to the idea that consumers are beginning to favor online shopping. This same trend may lead to improvements in the industrial CRE market as retailers transition to operating models that rely on warehouse spaces.