REALTORS® Commercial Real Estate Market Survey

The survey is designed to provide an overview of market performance, sales and rental transactions, along with current economic challenges and future expectations.

• REALTOR® commercial markets recorded improved sales conditions, with stabilization of fundamentals.
• Sixty-eight percent of commercial REALTORS® closed a sales transaction during the quarter.
• Sales volume rose 18.0 percent from a year ago.
• Sales prices declined 4.0 percent on a year-over-year basis.
• Leasing activity advanced 3.0 percent from the previous quarter.
• Rental rates declined 2.0 percent compared with the previous quarter.
• Concession levels declined 1.0 percent on a quarterly basis.
• Financing remains at the top of the current challenges list, followed by inventory availability.
• The estimated average transaction rose from slightly under $1.0 million to $1.2 million from the prior quarter.