US Record Investments in Commercial Real Estate
SOURCE: The National Association of Realtors®
According to the June CREO (Commercial Real Estate Outlook) from the National Association of Realtors® $157.8 billion was invested in US commercial real estate in the first four months of 2007; more than 60% ($95 Billion) of this total transaction volume was from the Office sector. The Retail, Multi-family & Industrial sectors combined didn't even come close. Transaction volume was the highest in the Manhattan, Chicago, Northern Virginia and San Francisco Markets.
The report also noted 53 percent of the office building purchases were by Equity funds and that nearly 78 million square feet of new space will be added to the nation’s office market by the end of 2007. These substantial commitments indicate Wall Street and commercial builders are still betting on sustained growth in the Office Buidling Financing sector.
The Commercial Real Estate Outlook (CREO) is NAR's flagship commercial research publication and is produced quarterly.
Read full report »
According to the June CREO (Commercial Real Estate Outlook) from the National Association of Realtors® $157.8 billion was invested in US commercial real estate in the first four months of 2007; more than 60% ($95 Billion) of this total transaction volume was from the Office sector. The Retail, Multi-family & Industrial sectors combined didn't even come close. Transaction volume was the highest in the Manhattan, Chicago, Northern Virginia and San Francisco Markets.
The report also noted 53 percent of the office building purchases were by Equity funds and that nearly 78 million square feet of new space will be added to the nation’s office market by the end of 2007. These substantial commitments indicate Wall Street and commercial builders are still betting on sustained growth in the Office Buidling Financing sector.
The Commercial Real Estate Outlook (CREO) is NAR's flagship commercial research publication and is produced quarterly.
Read full report »
