High Demand along with falling listing prices has produced a rise in 3rd quarter transactions for the commercial real estate market in the US. This is the 2nd consecutive quarter that posted gains. Prices of transactions increased as well as the demand for commercial properties. Both of these indicate market confidence is on the rise could this be a sign that the market is on a rebound? View Naples Golf Course Homes for Sale
Transaction prices rose 4.4% on commercial real estate properties sold in Q309 by major institutional investors, according to the MIT Center for Real Estate (MIT/CRE).
The gain marked the first positive price change in more than a year for the Center’s transactions-based index (TBI). It is also the largest increase since before the market downturn began in mid-2007, according to MIT/CRE.
The findings indicate the US commercial property market may have reached bottom in terms of pricing, the Center said, with the price index narrowing the deficit from its ‘07 peak to -36.5% in Q309 from -39% in Q209. Source: http://www.nuwireinvestor.com/articles/us-commercial-real-estate-shows-signs-of-improvement-53994.aspx
