Monday, November 11, 2013

Commercial Market Recovery Remains Uneven via

After several years of slow-moving growth the commercial real estate market is in a recovery mode as transaction volume increased 27 percent over a year ago and prices display solid gains, said National Association of Realtors® Chief Economist Lawrence Yun during a commercial real estate forum at the 2013 REALTORS® Conference & Expo in San Francisco today.

While the overall commercial sector appears to be improving, Yun said this isn’t the case in all parts of the market. “Realtors® involved in commercial real estate have reported they’re still seeing little improvement,” said Yun. “Commercial members typically handle smaller transactions, properties under $1 million; this part of the market is moving incrementally. At the opposite end, expensive properties priced above $2 million are doing much better. What we’re seeing is two very distinct markets within the commercial sector.”

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