Commercial Property Values Trend Upwards
Integra Realty Resources’ released their “Mid-Year Viewpoint 2014,” a series of reports on both the national and local real estate markets. The reports say that the markets continue to shift from a recovery to an expansion mode as the value of commercial properties continue to trend upwards. It states that nearly all national markets are either in in recovery or expansion.
Thus far in 2014, industrial has experienced the strongest improved prospects of any property sector, according to IRR. Nationally, 97% of industrial markets are now reported to be in the recovery or expansion phase of the real estate market cycle, while 51% are observed to be in an expansionary cycle. That’s up sharply from 22% in this phase just six months earlier.
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