CCIM members report improving fundamentals and investment conditions.
CCIM Institute members nationwide reported increases in transaction flow, rising property prices, and growing interest from serious buyers across all five major commercial real estate property sectors, according to the organization’s 1Q14 Quarterly Market Trends report. The report, which features transactional and market data from CCIM members, is produced in conjunction with the National Association of Realtors®.
The rise in deal flow was greatest in the hospitality sector, with 80 percent of CCIMs reporting more transactions year over year in 1Q14, followed by retail (63 percent), industrial (60 percent), multifamily (58 percent), and office (55 percent).
Other highlights include:
CCIM members are optimistic about improving credit conditions with 56 percent of respondents expecting improved conditions in the next 12 months, despite just 31 percent of CCIM members reporting improved credit availability in 1Q14.
Serious inquiries from buyers rose across all property
sectors for more than 62 percent of respondents. Only 8 percent of respondents said they experienced an increase in clients wishing to sell assets during 1Q14.
Forty-five percent of respondents said property prices rose across all five sectors YOY in 1Q14, while 31 percent reported flat prices. The industrial sector saw the biggest price gain with 54
Posted May 1st 2014
on CCIM.com
10