U.S. commercial real estate continues to improve with steady gains in prices and transaction activity so far in 2014, according to an analysis from CoStar Commercial Repeat Sale Indices. Sales volume rose 33 percent annually in the first quarter of 2014 and vacancies are on the decline. Read more from NAR’s Daily Real Estate News.
The National Association of REALTORS® (NAR) reports that commercial REALTORS® are increasingly confident and optimistic about the future of the commercial market. In a recent news release, NAR Chief Economist Lawrence Yun said:
“Commercial real estate closely follows the economy, usually with an 18 to 24 month lag time. Realtors® from across the country are reporting increases in sales transaction volumes and income, which tells us that things are turning around. We have not reached pre-recession levels, but the recovery is happening; we are almost getting back to normal.”
In other headlines:
How Chicago Invented the Suburbs – Chicago Magazine
Home sales up again in April – News-Gazette
Student Loans Causing Housing Shift, CFPB Says – Daily Real Estate News