PricewaterhouseCoopers LLP reported today that commercial real estate investors are optimistic that a recovery in the industry will continue, Bloomberg reported.

Even as the economy shows signs of slowing, a lack of new supply and low interest rates are helping to spur investor interest in commercial properties. Buyers are still chasing deals, despite concern that the economic recovery will wane.

“The lack of oversupply, strong corporate earnings and a pattern of job creation … that’s what is fueling cautious optimism that the economy will recover and rents will rise,” Mitch Roschelle, a partner with PricewaterhouseCoopers U.S. real estate division, told Bloomberg.

In the second quarter, office properties led cap-rate declines. The average cap rate for office buildings in central business districts was 6.95 percent, a decline of 1.2 percent from a year earlier.

“The notion of rent increases is exactly what’s fueling the lowering of the cap rate and the raising of the values,” Roschelle said.