In the first quarter of 2015, the BCREA Commercial
Leading Indicator (CLI) rose 1.1 index points to 120.9, the fourth consecutive
quarterly increase. The continued positive trend in the CLI is a strong
indicator of future growth in the commercial real estate market.
“The BC economy is positioned to be a growth leader in
2015,” said BCREA Economist Brendon Ogmundson. “A strong economic environment
will be very encouraging to growth in commercial real estate activity this
year.”
A rising trend in the CLI generally points to increased
investment, leasing and other commercial real estate activity two to four
quarters ahead. Therefore, the momentum
underlying the CLI for the past several quarters is a very positive sign for
the BC commercial real estate market in 2015.
Copyright BCREA – reprinted with permission
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