A recent analysis of data from the CoStar Commercial Repeat Sale Index (CCRSI) finds that commercial real estate investment transaction activity has progressed much like the overall economy, showing steady but painfully slow improvement.
While prices have recovered from the trough of the Great Recession in all major markets except Jacksonville and Northern New Jersey since mid-2010, the current environment is definitely of the half-full/half-empty variety, with half of the top U.S. markets showing improved liquidity over the past two years, and half not yet showing, according to the analysis of value-weighted CCRSI data by Senior Financial Analyst Xiaojing Li with Property and Portfolio Research (PPR), CoStar’s economic forecasting company.
Among the most noteworthy of the findings may be the percentage of properties sold within the first six months of hitting the market.
Read more...CRE Fundamentals Continue To Recover -- So Where Are All the Deals? - CoStar Group
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