Commercial Activity Hits Record High
August 22, 2007 by George SlusserIs this possible in today's market? NAR recently reported (8/21) that their Commercial Leading Indicator for Brokerage Activity rose to an all time high. This is a long report name for an index that is predicting improved business opportunities for commercial professionals.
Lawrence Yun, NAR senior economist, says that "despite some signs of slower overall economic expansion, the rise in the index means net absorption of space in the industrial and office sectors is likely to expand over the next six months." In the midst of doom and gloom in the residential and mortgage arenas, the commercial sector has quietly put together another solid growth year. There are some reports that commercial transactions are helping to prop up residential mine fields such as
The commercial real estate sector has many times been counter-cyclical to the residential market. Not all markets nor all sectors in commercial real estate out perform at the same time, but commercial practitioners have enjoyed a nice three -to- four year run.
What is the commercial activity in your market? Is it time to begin looking for experience and education in the commercial field?













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