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Commercial Real Estate Market Survey

Posted: August 26, 2014   Size: 1.3MB   Format:    Download

The REALTORS® Commercial Real Estate Market Survey measures quarterly activity in the commercial real estate markets. The survey collects data from commercial REALTORS®. The survey is designed to provide an overview of market performance, sales and rental transactions, along with current economic challenges and future expectations.

2014.Q2 Survey Highlights

  • 64% of commercial REALTORS® closed a sale.
  • Sales volume rose 7% from a year ago.
  • Sales prices increased 3% year-over-year.
  • Cap rates averaged 8.3% during Q2.14
  • Leasing volume advanced 4% from previous quarter.
  • Leasing rates increased 3% over previous quarter.
  • Concession levels declined 5% on a quarterly basis.
  • Inventory shortage topped the list of current challenges, followed by a tie between pricing gap and local economies.
  • The estimated average transaction stayed level at $1.4 million in Q2.14