Ohio Commercial RE Outlook Grim; NAR Reports

By March 6, 2012News

Grim 4th quarter 2011 and low expectations for Ohio commercial real estate trends for the near future in NAR Commercial report.

 

Respondents to National Association of REALTORS Commercial Real Estate quarterly market survey indicated:

-Overall Level of Transactions down 15 to 37% from prior quarter
-Overall Level of Volume down 25 to 49% from prior year
-Sales prices down or stable from prior quarter
-Inventory is expected to grow 6 to 15% over next 12 months
-Cap rates are expected to remain level or decline 4% in the next 12 months
-Leasing activity and rental rates are down 5 t o14% from prior quarter
-Rent concessions grew 6 to 15% from prior quarter
-Direction of business activity level or declining 4% from prior quarter

The national association of realtors Commercial Real Estate Market Survey: January 2012 is available online at Realtor.org

 

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