NAI Global Reports Healthy Growth in Real Estate Sector

The second quarter of 2017 saw an impressive demand when it came to the real estate industry. This includes retail, office, and industrial real estate throughout 21 markets in the United States. This is good news for companies such as NAI Global, a subsidiary company of C-III. C-III is owned by Andrew L. Farkas, a well-known leader in the world of real estate.

This steady growth was a major turnaround from the quarter before. Specifically, net absorption for industrial real estate rose to 71.8 million square feet, which is up by 1.2 million from the quarter before. This is great news for properties owned by NAI Global and C-III alike, which exist around the country.

As far as office real estate goes, 19 markets experienced an increase in rent. The only two exceptions were the New York and Chicago markets. On the other hand, the retail estate industry saw an increase in rent across all 21 markets by first 1.6% and then 1.8%.

The FRICs, SIOR, and President of NAI Global expressed his enthusiasm his enthusiasm about this progression in real estate: “Sustained positive trends are an encouraging sign for investors looking for stable returns,” Jay Olshonsky said. NAI Global and C-III are enthusiastic to see where this growth will take their companies.

This could not have been done without the expertise and guidance of NAI Global and C-III’s leadership. In particular, Andrew Farkas has put forth tremendous effort to see that both his companies and the real estate community thrive equally well. With the recent acquisition of properties in Denver and Miami, the forecast for C-III certainly looks positive.