The Commercial Leading Indicator for Brokerage Activity, which the NAR uses to measure the commercial real estate market, increased for 6 consecutive quarters showing that continued growth can be expected in the commercial real estate sector. The indicator now is at the highest level since 1990. The index measures 13 variables that reflect future activity. Of the 70-90 million sqft. expected to be absorbed in the 1st quarter 2007, new construction cost $315-325 billion.
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