Mid Year Commercial Real Estate Activity

I just read with interest the first half NAR report showing commercial activity . Here are some of the highlights I thought you would be interested in reviewing:

• Sales Volume Compared with Previous Quarter - Down 3%
• Sales Volume Compared with Previous Year - Down 6%
• Sales Prices Compared with Previous Quarter - Down 9%
• Sales Prices Compared with Previous Year - Down 16%
• Expected Availability for the Next 12 Months - Up 12%
• Expected Cap Rate Movement for the Next 12 Months - Up 9 bps
• Rental Volume Compared with Previous Quarter - Up 3%
• Rental Rates Compared with Previous Quarter - Down 10%
• Level of Rent Concessions Compared with Previous Quarter - Up 9%
• Direction of Business Opportunities Compared with Previous Quarter - Down 1%
• Volume of New Construction Compared with Previous Quarter - Down 16%

What does this mean to you and anyone connected in commercial real estate?

You need to plan more than ever. Having a specific strategic plan and team of experts to help you formulate and implement that plan is now more important than ever.

Don't think you can do it by yourself. Surround yourselves with people experienced in the areas you are considering exploring. Take your time to do this right and you can prosper even in this market. We can show you the way!