"Momentum has been building in sectors most important
to commercial real estate,” said BCREA Economist Brendon Ogmundson, “That
momentum should translate to a strong year for the commercial market in
2015."
The CLI has now advanced for seven consecutive quarters.
That trend signals significant strength in the economic environment underlying
the commercial real estate market.
A rising trend in the CLI generally points to growth in
investment, leasing and other commercial real estate activity two to four
quarters ahead. Given the current trend,
we would expect growth in the commercial real estate market for the remainder
of 2014 and the first half of 2015.
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