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2017 Q1 Commercial Real Estate Market Survey

May 17, 2017

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The REALTORS® Commercial Real Estate Market Trends measures quarterly activity in the commercial real estate markets, as reported in a national survey. The survey collects data from REALTORS® engaged in commercial real estate transactions. The survey is designed to provide an overview of market performance, sales and leasing transactions, along with information on current economic challenges and future expectations.

Highlights

  • The first quarter of this year marked a change in the trend of investment sales.
  • Sales volume in REALTORS®’ markets declined for the first time in five years, with a 4.4 percent slide.
  • With tight inventory continuing to top the list of concerns, prices rose 7.2 percent from a year ago.
  • However, cap rates began moving upward. The moves in investment metrics mirror, with a one year lag, those recorded in large cap markets, where sales volume has been declining for the past five quarters.