August 2021 Business Market Insights

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The commercial real estate market, especially the office market, is facing increasing headwinds due to the negative effects of the increase in delta variant cases on the economy. Manufacturing output and orders, a leading indicator of economic growth, are slowing. Companies have postponed plans to get back into the office. Expect higher vacancy rates in the office market, but low vacancy rates in the multi-family, industrial and retail markets over the next 12 months.

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