Commercial activity on the rise, says NAR

Commercial property transactions have increased.

Property management companies may have experienced more transactions last year, as the National Association of Realtors recently released a report which showed total commercial sales and income increased during 2011.

The firm's 2012 Commercial Member Profile showed that those agents surveyed had a median of seven transactions during 2011, which was higher than the five transactions during both 2009 and 2010. Furthermore, the median gross annual income rose to $86,000 during 2011, which was nearly $10,000 more than 2010's figures, as well as the second increase in two years.

"The commercial real estate market still has a long way to go before full recovery, yet Realtors are reporting positive trends that give us hope that the market is on its way to becoming healthy again," said NAR President Moe Veissi.

Overall, the median transaction volume in 2011 was $1,058,300, but when excluding idle respondents, the figure rose to $2,010,500, the report added.

Continued transaction increases may not only signal a healthy sales market, but could also show that industry members are becoming more confident in the market, overall.

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