In the latest CoStar Commercial Repeat Sale Indices (CCRSI) analyzing property sales through December 2013, found that the recovery in U.S. commercial real estate markets advanced in 2013 as broad gains in net absorption, rents, sales activity and pricing extended across markets and property types during the year.
The upbeat performance was driven by relatively steady economic growth and job gains of 2.3 million or 1.7% in 2013. During the year, expanding businesses accounted for the highest aggregate net absorption across all four major commercial property types since the recovery began.
Read more...Year-End Sales Trends Continue Commercial Real Estate Pricing Gains in 2013 - CoStar Group
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