This infographic contains a list of the commercial reports NAR’s research department has created or contributed to in 2015.
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- Commercial Real Estate Outlook: 2015.Q3
- Macroeconomic conditions continued improving at a moderate pace in the second quarter of this year.
- Demand for commercial lease space continued advancing in the second quarter of 2015, rebounding from the soft performance of the wintry first quarter.
- While construction has been ramping up across all property types, the gap between demand and supply continued to add downward pressure on availability.
- The apartment sector was the only exception, as new supply exceeded demand this year, resulting in a slight increase in vacancies.
- Commercial Lending Trends 2015
- Commercial vacancy rates declined for the core property types. Availability is expected to continue contracting for office, industrial and retail properties in 2015 and beyond.
- Vacancies for apartments are estimated to rise, due to gains in supply.
- Commercial rents have risen across the board, and are projected to advance this year to the tune of 2.5 percent to 3.7 percent.
- Lending conditions in REALTOR® markets notched another year of sustainable recovery.
- Commercial Member Profile 2015
- The Commercial Member Profile describes the business activities, demographics and information needs of NAR members who are commercial real estate professionals.
- Commercial Market Trends: Q2.2015
- Sixty percent of commercial REALTORS® closed a sale.
- Sales volume rose 9 percent from a year ago.
- Sales prices increased 7 percent year-over-year.
- Cap rates averaged 7.5 percent during Q2.2015
- The average estimated transaction value increased from $1.7 million in Q1.2015 to $2.0 million in Q2.2015.
- Fifty-four percent of members completed a lease transaction
- Leasing volume advanced 5 percent from previous quarter.
- Leasing rates increased 3 percent over previous quarter.
- Inventory shortage topped the list of current challenges, followed by buyer-seller pricing gap and local economies.
- Like-Kind Exchanges: Real Estate Market Perspectives 2015
- For a significant proportion of real estate market participants, like-kind exchanges (LKE) provide an important vehicle to dispose and acquire property.
- Like-kind exchanges are available to individuals, partnerships, corporations, limited liability companies, as well as trusts.
- The main requirement of a like-kind exchange is that the disposition of one property and acquisition of another property must be part of an integrated transaction, rather than two individual transactions.
- REALTORS® are active participants in like-kindexchanges as investors, brokers and agents, intermediaries and professional advisors.
- Sixty-three percent of REALTORS® participated in a like-kind exchange transaction during 2011-14.
- In 2014, REALTORS®’ average fair market value of all transactions was $7.0 million
- Like-kind exchanges accounted for 39 percent of total FMV, or $2.7 million per respondent.
- Ninety-six percent of REALTORS® indicated a decrease in real estate values in case of repeal of like-kind exchange provisions.
- See the commercial research reports.
- Learn more about commercial real estate.
By: National Association of REALTORS®
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