Commercial Real Estate Slowed in 2008

Washington, DC, Sept. 24, 2009--Commercial real estate experienced a slowdown in sales transaction volume in 2008, but also reported an increase in commercial leasing volume, according to the 2009 National Association of Realtors Commercial Member Profile.

The survey shows that the median sales volume for commercial realtors in 2008 was down nearly 10 percent since 2006. However, the results also showed a 33 percent increase in commercial leasing volume during the same two-year period.

The median number of transactions for realtors practicing commercial real estate in 2008 was eight, unchanged from 2006. Transaction volume for commercial members was $2,024,900 in 2008, down from $2,248,700 in 2006.

The median dollar value of sales transactions in 2008 was $544,100.