CCIM: Industrial Activity Picks Up in Q2

CHICAGO—The CCIM Institute recently conducted a survey of its members for its Quarterly Market Trends report that provides yet more evidence of a broader economic recovery. The Chicago-based group found that 54% of the members that participated in the May/June 2014 market intelligence survey reported a greater overall deal flow than during the same time frame in 2013. And 66% said they fielded more serious inquiries from potential buyers than in the second quarter of last year.

Members also had greater success with industrial deals. Seventy percent of respondents told CCIM they experienced greater industrial deal flow year-over-year. In addition, 82% received more serious inquiries from potential buyers over the same period last year. And 52% of the respondents reported higher prices for these industrial assets. Cap rates seemed more stable, with 60% reporting steady rates and 32% reporting a decline.