Commercial Real Estate Slowing; Apartments looking OK
August 19th, 2009
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Dennis Norman
By: Dennis Norman
Today the National Association of REALTORS(R) published their Commercial Leading Indicator for Brokerage Activity for the second quarter of 2009 showing a decline of 1.3 percent to an index of 101.5, down from an index of 102.8 in the first quarter. At 101.5 the index for the second quarter of 2009 is 13.7 percent below the 2nd quarter of 2008 when the index was at 117.6. The index is currently at the lowest level since the first quarter of 1994.
In reviewing NAR’s report, it doesn’t appear any of the sectors have been able to avoid a slowdown, below is a recap by sector: Read more…
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