As the U.S. economy continues to show signs of improvement and corporate America is slowly starting to increase headcount, a ray of light may shine on the commercial real estate sector supporting the iShares Dow Jones U.S. Real Estate (IYR), SPDR Dow Jones REIT (RWR), the Vanguard REIT Index ETF (VNQ) and the iShares Cohen & Steers Realty Majors (ICF).
The first indicator that the sector is improving can be seen in the drop in U.S. office vacancies, coupled with an increase in rents, in the most recent quarter. This trend has not been seen in nearly three years. More specifically, according to the property research firm, Reis Inc., the national vacancy rate fell to 17.5 percent in the first quarter of the year from 17.6 percent in the prior quarter, reports Bloomberg News. Furthermore, office buildings gained a net 4.7 million square feet of occupied space during the quarter,
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