2013 Q4 Commercial Analysis

Total transaction volume increased to $89.67 billion in third quarter 2013 from $75.33 billion in the previous quarter, according to Real Capital Analytics (RCA). Likewise, volume for each of the individual property types, except for the hotel sector, rose on a quarterly basis. On a year-over-year basis, the total volume increased during third quarter 2013, along with the volume for each property type, except for the apartment sector. In contrast to the previous quarter, the volume for the industrial and retail sectors increased quite significantly.

On a quarterly basis, the average price per square foot/unit increased for the office and industrial sectors in third quarter 2013, while the price for the retail, apartment, and hotel sectors declined. Average prices for the retail and apartment sectors have shown greater volatility compared to the office, industrial, and hotel sectors over the past year. In comparison, the year-over-year average price per square foot/unit increased for each property type in third quarter 2013. The year-over-year price for office, retail, and hotel sectors increased most, while the price for the industrial and apartment sectors increased only slightly.

Download the complete report by clicking here….RCMI_4Q13

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