2017 Q3 Commercial Real Estate Market Survey
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.
- The third quarter of this year recorded continued upward momentum in REALTOR® commercial markets.
- Sales volume advanced 3.6 percent from a year ago. Owing to tight inventory, prices increased 3.9 percent on a yearly basis.
- Cap rates averaged 7.2 percent. On the leasing side, activity moderated during the quarter, as new construction increased 2.9 percent.
- REALTORS® expected business opportunities to advance by 2.9 percent