The commercial construction industry in the United States has been steadily expanding since 2010. In 2016, some 74.24 billion U.S. dollars worth of commercial buildings were put in place in the United States. The number of people employed in the industry has increased accordingly, which is forecast to continue through 2017.
Commercial rents are on the rise in all sectors. Average retail rent was projected to rise 0.9 percent by the end of 2016. Rental rates in the office real estate sector was set to increase by one percent in the fourth quarter of 2016.
Vacancy rates both in retail and industrial real estate sector show a declining trend and were projected to amount to 11% and 6.3% respectively as of third quarter of 2018.