Report: CRE Market is Trending Up Nationwide
The commercial real estate markets nationwide are trending up. This, according to a recent Q2 CRE Capital Markets Monitor Report by Auction.com.
According to the report, major sectors are demonstrating year-over-year growth with increases in both deal volume and pricing. The report shows that CRE deal volume is up from the previously set recessionary lows.
According to the Auction.com report, the total combined commercial volume in the office, retail, apartment, industrial and hotel sectors reached $81.6 billion in the second quarter of 2014. This is an increase of nearly 14% from 2013.
Office and apartment transactions combined to account for more than 55% of the sector total. This is reportly similar to the total just one year ago, though the apartment sector’s portion of that volume has shrunk. Retail transactions made up 16% of the total.