Commercial real estate headed for slowdown

Although fundamentals are sound, activity in commercial real estate markets is expected to ease in the months ahead, according to a forward-looking index for the commercial real estate sectors published by the National Association of Realtors.

The Commercial Leading Indicator for Brokerage Activity edged down 0.7 percent to an index of 119 in the first quarter from a downwardly revised reading of 119.9 in the fourth quarter, and is 0.8 percent below the first quarter of 2007 when it stood at 120.

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