CHICAGO—The CCIM Institute recently conducted asurvey of its members for its Quarterly MarketTrends report that provides yet more evidence of a broadereconomic recovery. The Chicago-based group, an affiliate of theNational Association of Realtors®, found that 52%of the members that participated in the August/September 2014market intelligence survey reported a greater overall deal flowthan during the same time frame in 2013. And 60% said they fieldedmore serious inquiries from potential buyers than in the thirdquarter of last year.

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Members also had greater success with industrial deals.Seventy-one percent of respondents told CCIM they experiencedgreater industrial deal flow year-over-year. In addition, 79%received more serious inquiries from potential buyers over the sameperiod last year. And 46% of the respondents reported higher pricesfor these industrial assets and 42% reported that prices were flat.Cap rates seemed more stable, with 46% reporting steady rates and42% reporting a decline.

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The multifamily sector has been hot for some time, and CCIMmembers still consider it the best of the five main property types.On a scale of 1 to 5, multifamily investments ranked 4.0, followedby industrial at 3.6, retail at 3.2, hospitality at 3.2 and officeat 2.8.

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Other highlights include:
• In the South and East regions, 31.1% and 23.5% of respondentsrespectively said their regional economic climate is booming.
• In addition, 54% of CCIM member respondents said they expectcredit conditions to continue to improve, while 40% said “thecurrent financing climate is the new normal in their region.”

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Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.