WASHINGTON, DC-Two new measures from industryassociations--American Institute of Architects’ ArchitectureBillings Index and the Mortgage Bankers Association’s QuarterlySurvey of Commercial/Multifamily Mortgage Bankers Originations--addto growing anecdotal evidence that commercial real estate isentering a recovery phase.
The American Institute of Architects’ Architecture BillingsIndex was up 2.4 points to 48.4 in April--its highest level sinceJanuary 2008. Last month, AIA reported that its March ABI ratingwas 46.1, up from a reading of 44.8 the previous month.
First quarter 2010 commercial and multifamily mortgage loanoriginations, meanwhile, posted a 12% higher increase than duringthe same period last year, according to MBA.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
