The U.S. commercial real estate market will have another good year in 2007, and the adoption of "green" and "sustainable" practices will emerge as a key trend, according to Colliers International, a Boston-based global real estate services firm.Colliers predicted that the "vast majority" of office developments will be certified by the Leadership in Energy & Environmental Design program. In addition, developers will move increasingly to mixed-use development that blends office, retail, residential, and hotel use, the company said. The industrial sector will be mixed as a result of a weak housing market and a production cutback by automakers, but rents are forecast to rise by 10% and construction by 15%. "Absorption, however, is not expected to keep pace," said Ross Moore, the organization's senior vice president and director of market and economic research. "This will leave the year-end 2007 vacancy rate up just a quarter of a percent -- coming in at approximately 8.5%. This will be the first increase since 2003." Colliers can be found online at http://www.colliers.com.
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