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In contrast to the commercial market transactions reported by RCA ($2.5 million and above), most REALTORS® who specialize in commercial real estate managed investment deals averaging less than $2.5 million per deal, frequently located in secondary and tertiary markets. The Commercial Real Estate International Business Trends 2019 focuses on this significant segment of the economy and real estate markets.
The responses gathered from a survey of REALTORS® engaged in commercial real estate transactions indicates a similar slowdown in property acquisitions in the small cap market, leasing activity, and appraisal valuations.
In this survey, the term international or foreign client refers to two types of clients:
- Non-resident foreigners (Type A): Non-U.S. citizens with permanent residences outside the United States. These clients typically purchase property for investment, vacation, or visits of less than six months to the United States on non-immigrant visas.
- Resident foreigners (Type B): Non-U.S. citizens who are recent immigrants (less than two years at the time of the transaction) or non-immigrant visa holders who reside for more than six months in the United States for professional, educational, or other reasons.
By: NAR
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