Commercial property market sales may jump in 2012

Commercial sales may increase in 2012.

A recent announcement from a Jones Lang LaSalle executive suggested that commercial real estate companies could be set to take advantage of the strengthening market and pick up the pace of purchases in 2012, according to Bloomberg.

As the economy recovers, many companies may be making transactions, and sales volumes could exceed last year's figures by as much as 20 percent. Multiple commercial asset classes are expected to witness sales booms including warehouses, offices, malls and apartments, the news source reported. Total U.S. sales could increase to $216 billion, which is a significant rise compared to last year's figure of $180 billion and the previous year's $115 billion.

The firm also noted that the San Francisco area may be the site of some significant office rental growth.

"There were broad-based leasing gains last year, and not just in Washington and New York," said Peter Roberts, chief executive officer of Jones Lang LaSalle's Americas branch, according to the news source.

Delta Associates recently released a report that supported this claim regarding commercial growth in 2012. The overall commercial financing situation has improved markedly since 2010 and this could mean more companies are considering becoming active in the market.

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