Investment Trends Quarterly, Sales Volume and Pricing Are Starting to Decline
Second Quarter 2008 Report Investment Trends Vol. 4, No. 2 Quarterly Spotlight on Portland Sponsored by: InThisVolume Now Available! National Overview Caught in the Storm Economic Background & Investment Environment A Focus on Real Estate Cap Rate & Yield Rate Expectations Seeking Shelter from the Storm Effect on Real Estate National Market Analysis & Property Sector Highlights “Sustainable Development Shapes Portland Past and Future” Contributors Scope & Methodology Regional and Metro-Level Analyses Coming Soon! East Region Baltimore, Boston, Charlotte, Hartford, Norfolk, Northern New Jersey, New York City, Pittsburgh, Philadelphia, Raleigh, Richmond, Washington, D.C. South Region Atlanta, Austin, Dallas/Ft. Worth, Houston, Memphis, Miami, Nashville, New Orleans/Baton Rouge, Oklahoma City, Orlando, San Antonio, Tampa Midwest Region Chicago, Cincinnati, Cleveland, Columbus, Detroit, Indianapolis, Kansas City, Milwaukee, Minneapolis, Omaha, St. Louis, Toledo West Region Denver, Honolulu, Las Vegas, Los Angeles, Phoenix, Portland, Sacramento, Salt Lake City, San Diego, San Francisco, Seattle, Tucson Investment Trends Copyright© 2008 by Real Estate Research Corporation (RERC) and the CCIM Institute. Quarterly Foreword April 2008 Dear Readers, Property fundamentals for commercial real estate are beginning to reflect the new economic and capital market storm we find ourselves in. Vacancies are up for all property types on a national level, and as noted in the second quarter 2008 RERC/CCIM Investment Trends Quarterly, sales volume and pricing are starting to decline. What’s more, the National Association of REALTORS® (NAR) forecasts that until confidence levels return, commercial real estate investment will remain as much as 40 percent below transaction levels seen in 2007, when a record $427.2 billion of commercial real estate traded hands.
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