Article submitted by Jim Allen, Sales and Leasing Agent for Saurage Rotenberg Commercial Real Estate, LLC
Written by Champaign Williams | October 11, 2018
Strong investor interest in U.S. commercial property markets has led to a surprising rebound in transaction volume in the first half of the year, though Colliers International U.S. Chief Economist Andrew Nelson does not foresee this rebound carrying over into the new year.
Deal volume rose 4% in the first half of 2018 compared to last year, a modest increase that reflects a resurgence in investment activity after deal volume dropped off in seven of the eight previous quarters, according to Colliers International’s 2018 Capital Flows report.
Although transaction volumes were modestly higher this year, the trend since 2015 has been a gradual decline in transaction volumes, and I see that trend continuing the rest of this year into next year despite the small pickup in the first half of 2018,” Nelson said. “We’re close to the actual top of the market. It’s always difficult to call the top of the market with any precision, but I think we’re very close to it.”
Bisnow spoke with Nelson about what is driving this moderate comeback, where investors are deploying their capital and how the economy will continue to shape the market moving into 2019.
Jim Allen earned his bachelor’s degree from Baylor University in Waco, Texas and his masters from Louisiana State University. In addition to his multiple degrees he has taken numerous coursework in banking, marketing, accounting, and business law. As a complement to his sales experience, Jim also has 30 years experience in commercial real estate financing.
Saurage Rotenberg Commercial Real Estate, LLC is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC). Several agents, on an individual basis, are members of the Society of Industrial and Office Realtors® (SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).
