The national commercial real estate market is still stabilizing, according to NAR’s 2012 third quarter market survey. You can download a copy of the entire report or browse below.
Especially interesting is a 6% bump in national sales volume over 2011. This comes against a persistent and apparently growing difficulty with financing, with respondents reporting a somewhat higher dissatisfaction level with obtaining financing over the previous 2012 quarter. Does this mean the direct and indirect capital costs are weighing down a more robust volume rebound, or does it mean that commercial practitioners are learning to “do more with less” assistance from our pinstriped friends at the banks?
Let us know what your local market is telling you – leave a comment and tell us your story.