REALTORS® who practice commercial real estate have reported an increase in annual gross income for the third year in a row, signaling the market is on the road to recovery. According to the National Association of REALTORS® 2013 Commercial Member Profile, transactions and sales volume have also increased since last year. Here are some highlights of the study:
-The median age of commercial members is 59-years-old.
-Seventy-eight percent of the practitioners are male.
-Sixty-five percent of commercial members have a bachelor’s degree or higher.
-Sixty percent of commercial members have a broker license, 25% have a sales agent license.
-Commercial members completed a median of eight transactions in 2012.
-Investment sales are the most cited primary specialty of commercial members and is the top ranked secondary specialty area.
-The median sales transaction volume in 2012 for members who had a transaction was $2,507,700.
-The median gross leasing volume was $476,400.
-Commercial members typically have been in real estate 25 years, in commercial real estate 15 years, and members of NAR 17 years.
For the full report visit Research Reports on realtor.org