percent of respondents reporting higher prices, followed by the multifamily sector with 51 percent reporting price increases. The office sector logged the smallest increase with just 39 percent of respondents reporting higher asset prices.
Nationwide sales of commercial properties in excess of $2.5 million rose about 19 percent YOY in
2013, totaling an estimated $355.4 billion, according to Real Capital Analytics. Capitalization rates averaged 6.9 percent across all five sectors, a 4 basis point increase YOY. Private investors comprised the lion’s share of acquisitions (41 percent) in 2013, followed by publicly listed companies. With improved economic conditions projected this year, most sectors of commercial real estate should fare well. Vacancy rates are projected to decline and rent growth is expected to rise in the office, industrial, retail, and multifamily sectors through year-end.
Read the complete 1Q14 QMT report.
- See more at: http://www.ccim.com/newscenter/323506/2014/05/01/commercial-real-estate-transaction-flow-buyer-interest-and-property-pri#sthash.66LI9PXR.dpuf
Commercial Real Estate Transaction Flow, Buyer Interest, & Property Prices Rise in 1Q14
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