According to NAR’s recently released quarterly Commercial Market Survey, commercial real estate sales volume was down two percent in the fourth quarter of 2011 compared to the previous quarter. The quarterly percent change in sales has fluctuated around zero for the past year for commercial properties reported by Realtors®.
At the state level in the past quarter, however, the changes have been substantial, with some states participating in the economic recovery and others still in a declining mode. Major drivers of commercial real estate sales are jobs and the economic recovery.
