The Wall Street Journal / February 5th, 2019
The Wall Street Journal reports: It’s been a big year for Chicago commercial real estate deals.
A strong economy helped lift commercial real-estate sales to near-record levels last year, and many investors are counting on low interest rates to keep sales going in 2019.
The value of commercial properties that sold for $2.5 million or more came to $562.1 billion in 2018, according to research firm Real Capital Analytics. That was up 15% from 2017 and only $8 billion shy of the $569.9 billion sales record in 2015.
Commercial real-estate prices also rose 6.2% year over year and are now nearly 30% above 2007 levels, according to RCA’s price index.
View the full article in The Wall Street Journal: Strong Economy, Cheap Money Boost Commercial Property Market