Is the commercial real estate market doing better? Have rental rates declined? Is financing still a challenge?
To get the answers to these and many more questions about the current state of the Commercial Real Estate Market you will want to go the the Quarterly Market Survey from the National Association of Realtors.
Here are just some of the main points from the survey...
• Overall market activity registered slight improvements.
• Sales volume rose 3 percent from a year ago.
• Sales prices declined 10 percent on a year-over-year basis.
• Leasing activity gained 4 percent from the previous quarter.
• Rental rates declined 6 percent compared with the previous quarter.
• Concession levels moved up 3 percent on a quarterly basis.
• Financing remains at the top of the current challenges list, followed by pricing.
• The estimated average transaction declined 6 percent from the previous quarter, to $1.2
million.
Click on the following link to see the entire survey.
Quarterly Market Survey
Joe
