Increasing Investment Activity Projected in 2013

Commercial real estate’s recovery will continue in 2013, led by the multifamily, industrial, and office sectors, according to results from Jones Lang LaSalle’s 2013 Cross Sector Survey. Despite lingering fears about unemployment and the Eurozone crisis, survey respondents expect to increase their investment activity by as much as 20 percent year over year in 2013. “This year, we’re likely to close 2012 with only a 10 percent improvement over last year in investment trades for all sectors, excluding hotels,” said Jay Koster, president of Jones Lang LaSalle’s Americas Capital Markets. “While the growth rate has slowed, the investment transaction market is still markedly above the 2009 floor and transactions are still improving in the face of significant economic headwinds. The record-low Treasuries are also giving the transaction market a boost as an attractive lending market should continue to pave the way for a strong fourth quarter and an increase in investment transactions in 2013.”