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.Q1 survey highlights:
- REALTOR® commercial markets recorded improved conditions for both sales and leasing.
- 64% of commercial REALTORS® closed a sales transaction during the quarter.
- Sales volume rose 3% from a year ago.
- Sales prices inched up 0.3% on a year-over-year basis.
- Leasing activity advanced 5% from the previous quarter.
- Rental rates increased 1% compared with the previous quarter.
- Concession levels declined 5% on a quarterly basis.
- Financing remains at the top of the current challenges list, followed by pricing gap between buyers and sellers.
- The estimated average transaction slid from $1.2 million to $1.1 million from the prior quarter. (NAR)
