Things are perking up for the first time in the commercial real-estate sector since its meltdown in 2007, says a November 3rd article published at Reuters.com. The improvement, says research expert David Geltner from MIT/CRE, is due to a combination of effects.
MIT/CRE uses a transaction-based index or TBI to measure trends in the commercial real-estate market. In the year’s third quarter, the TBI has increased by just over 4 percent.
Additionally, seller’s prices are continuously lower, while demand is increasing. Buyers are attracted to the lower prices and this results in a greater number of overall transactions.
To learn more about how the TBI works and read the full editorial, click here.
