Thursday
August 28, 2014

Commercial Sales Post an 8% Boost

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Commercial Sales Post an 8% Boost

The commercial real estate market continues to rebound, with sales volume rising 8 percent in the fourth quarter compared to a year ago, according to the latest Commercial Real Estate Quarterly Market Survey by the National Association of REALTORS®.

Sales prices rose 1 percent on a year-over-year basis, according to the report. Cap rates averaged 8.7 percent during the fourth quarter.

The commercial REALTORS® surveyed reported the most significant concerns for the sector were the pricing gap between buyers and sellers, followed by the lack of available inventory and financing. Financing had topped the list of concerns for the past several years, but its drop to third place signals a shift in market conditions, according to NAR’s Economists’ Outlook blog.  

View the full report at Realtor.org.

Source: National Association of REALTORS®

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