Commercial Real Estate Index Strengthening
August 30, 2007
The commercial real estate sector is enjoying its ninth consecutive positive quarter, attributed largely to a healthy boost in industrial production and shipments of durable goods, according to the NATIONAL ASSOCIATION OF REALTORS® Commercial Leading Indicator for Brokerage Activity Index. NAR’s index shows a 0.5 percent increase to 120.7 in the second quarter from 120.1 in the previous quarter, and up 1.1 percent from the same quarter in 2006 at 119.7. The gains are the highest recorded since NAR began tracking the index in 1990.
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