NAR Releases August '25 Commercial Real Estate Market Insights

Washington, DC, September 12, 2025-The National Association of Realtors (NAR) released the August 2025 Commercial Real Estate Market Insights.

The report noted that, “office absorption declined again in July. Losses, however, were far milder than last year, with vacancies stuck at record highs and rent growth remaining subdued. The multifamily market continued to stabilize, with absorption holding steady while new deliveries outpacing demand, but with the gap slowly narrowing. Even so, vacancies continued to increase in this sector as supply pressures persisted. Retail demand weakened further, with absorption turning sharply negative and vacancy rising to 4.3%, even as it retained the fastest rent growth among major sectors. Industrial momentum also cooled further, with absorption falling to a decade low, vacancy climbing to 7.5%, and rent gains slowing in line with oversupply.”