Commercial Real Estate

The Commercial Real Estate industry comprises a diverse set of operators that specialize in a variety of real estate activities, including brokerage, property and facilities management, research and analytics, consulting, valuation, appraisal, construction and asset management. Changes within the commercial real estate market, including fluctuations in vacancy rates, property values and credit activity, influence demand for industry services. During periods of economic downturn, low business activity lessens demand for additional office buildings, retail centers, hotels, apartment buildings, manufacturing plants and other commercial spaces. As property owners and developers do not require new space, demand for industry services falls. However, since most projects take several years to complete, there is a lag between demand and building development.