Commercial real estate vacancy rates will remain high and rents continue low throughout 2010, with virtually no new development this year, according to the National Assn. of Realtors (NAR).

While forecasting improvement in 2011, the group says commercial real estate almost always lags an economic recovery.

NAR cites a survey of commercial real estate experts in 700 markets by the Society of Industrial and Office Realtors that finds nearly nine in 10 report new commercial development is virtually nonexistent in their market areas, and rent concessions were reported almost everywhere.

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