Fundamentals are improving in all major commercial real estate sectors, suggesting the industry is shaking off the impact of the prolonged recession, NAR says in its quarterly commercial real estate forecast. In all sectors, vacancies are dropping and rental rates are rising.
Archives for May 2012
Commercial Transactions, Income Up in 2011
NAR’s commercial members saw an increase in transactions and median gross annual income last year, NAR’s 2011 Commercial Member Profile shows. Among the findings:
Median sales transaction volume was $2,010,500 among members who reported at least one closed transaction last year. The median dollar value of sales transactions was $414,300 and the median square footage was 9,600. More.
Commercial Real Estate Gains
The Albuquerque metro area appears to be missing out on a trend of very gradual improvement in commercial real estate around the country, according to an analysis of more than 50 cities by Moody’s Investors Service. Read more>>>
Current Albuquerque Economic Data
The New Mexico Department of Workforce Solutions has provided an employment news release indicating that the Albuquerque unemployment rate is 6.9% as of April 2012.
