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?