Real Capital Analytics just came out with its 2012 predictions, and the news is… (drum roll, please)… good!
· RCA expects the dollar volume of transactions to reach $300 billion in 2012, a 50 percent increase from last year’s $200 billion. Maturing loans and a gradual improvement in leasing market fundamentals will drive deal volume. (Grubb & Ellis forecasts a more modest gain of 25 percent in 2012.)
· New instances of distressed commercial assets totaled $56 billion in 2011, down from $92 billion in 2010 and $140 billion in 2009. Despite the pattern of decline, RCA notes that new instances of defaults and delinquencies will remain “material” in 2012.
Read more...Good News Friday | Grubb & Ellis Atlanta