Nationwide, 2015 commercial sales jumped 23 percent over 2014 to chart the second highest transaction volume ever at $533 billion, just 7.5 percent behind 2007, the all-time record peak.
Property values appreciated 12 percent in 12 months on average. Overall, prices climbed and rates of return declined as Buyers roared back into the market. Meanwhile, the market shifted from a Buyer’s Market to a Seller’s Market due to the tightening supply of available investment propert
“What’s it like being a commercial real estate broker?” a friend asked recently.
I paused for a moment and pondered.
“It’s simple, but it’s not easy,” I said.
“What’s not so easy about it?” he asked, with a tone that implied he views my career as scarcely harder than a grade schooler's paper route.
“Well, it’s difficult to manage trust issues between Sellers and Buyers and other stakeholders in almost every transaction,” I said.
Here’s why folks: There are lots