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Commercial Real Estate Market Survey

Posted: March 05, 2014   Size: 2MB   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.

2013 Q4 Survey Highlights

  • REALTOR® commercial markets maintained momentum in sales and leasing activity.
  • Sixty-six percent of commercial REALTORS® closed a sales transaction.
  • Sales volume rose 8 percent from a year ago.
  • Sales prices increased 1 percent on a year-over-year basis.
  • Cap rates averaged 8.7 percent during the fourth quarter.
  • Leasing activity advanced 0.4 percent from the previous quarter, virtually flat.
  • Rental rates increased 0.3 percent compared with the previous quarter.
  • Concession levels declined 4.0 percent on a quarterly basis.
  • Pricing gap topped the list of current challenges, followed by shortage of inventory.
  • The estimated average transaction slid from $1.3 million to $1.2 million from the prior quarter.