From the same period a year earlier, commercial real estate sales and prices decreased during the fourth quarter, a survey by the National Association of Realtors indicates.
Based on statistics compiled by the association, the survey shows CRE sales slipped 1 percent from the fourth quarter of 2010 and 2 percent from the second quarter of 2011. Prices for commercial properties declined even more, falling 6 percent on a quarterly basis and 10 percent year-to-year.
Financing for CREs remains a major problem for many investors, Realtors indicated in the survey. Additionally, issues in the economy are also preventing many from making major investments in properties.
Though CRE deals may slow in 2012, one Realtor expressed the market could experience moderate growth this year.
"I find the market to have a slow but steady growth pattern," the Realtor noted. "There are funds that have been stockpiled and lenders are ready to make loans to qualified buyers and businesses."
Despite a downturn in the fourth quarter, a Real Capital Analytics report states 2011 was a positive year for the CRE market. Property data from the firm shows sales reached $220 billion last year.