NAR: Increase in commercial member income and sales volume
Commercial real estate markets continue to improve, with REALTORS specializing in commercial real estate reporting both an increase in member’s gross income and sales volume, according to the National Association of REALTORS 2017 Commercial Member Profile.
The median gross annual income for commercial members in 2016 was $120,800, an increase from $108,800 in 2015. Commercial members completed a median of eight sales transactions in 2016, a decrease of one since 2015. While the number of transactions decreased slightly in 2016, the sales volume increased again this year. The median sales transaction volume in 2016 among members who had a transaction was $3,500,000, an increase from $2,931,000 in 2015.