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Commercial Real Estate Market Surges

Across the board, real estate prices are steadily rising in commercial markets. According to the National Association of Realtors (NAR) (whose convention was recently graced by the presence of Castles Unlimited, Castles Magazine, and the Castles Broker Network), commercial brokers have had the good fortune of increased income and greater sales volume. The commercial market outlook is stable– in the last eight years, prices have increased by 93 percent.

Commercial brokers’ earnings have reached an annual average of over $150,000, and from 2016 to 2017 the median sales volume increased from $3.5 million to $3.87 million. With numbers that good, it’s no surprise that more and more real estate professionals are entering the commercial industry.