NAI Global, owned by Andrew Farkas’s C-III Capital Partners, says that the United States retail, office, and industrial real estate markets experienced robust demand in the second quarter of 2017. Rising rental rates and sustained low vacancy generated a sound economic foundation in the United States’ top 21 markets.

NAI Global’s president Jay Olshonsky said investors can expect steady returns in the second half of 2017, due to sustained, positive economic trends and data.

The industrial sector saw net absorption rise in nine markets and fall in 12, but nationally, net absorption in the industrial sector rose from 70.6 million to 71.8 million square feet. Rents rose by 1.6 percent, but vacancy remained near 20-year-lows in the industrial sector, decreasing by 5.1 percent.

The office sector experienced a third consecutive quarter of 9.6 percent vacancy, continuing the trend of 10-year-lows. Nationally, rents saw a marginal decrease.

The retail sector experienced steady net absorption, construction, and vacancy, as well as a 1.6 percent growth in rents. Vacancy remained at 4.8 percent, seen in three of the last four quarters.

Olshonsky also said that the continued construction and deliveries exemplify a steadily growing investment environment, with another quarter of low volatility and reliable returns.

NAI Global is a leading network of independent commercial real estate firms, and was acquired by C-III Capital Partners in 2011 under the direction of Chairman and CEO Andrew Farkas. C-III Capital Partners is a commercial real estate and asset management organization, founded in 2010 by Farkas, and continues to expand its platform and portfolio both organically and through acquisition.