Like everyone in commercial real estate, the 81,000 commercial members of the NATIONAL ASSOCIATION OF REALTORS® have seen their sales volume fall in recent times. According to the NAR Commercial Member Profile 2009, members saw sales drop a median of 10 percent between 2006 and 2008. Transaction sales volume per member was $2,024,900 in 2008, with median value of a sales transaction at $544,100. Sixty-five percent of members reported a total sales volume of more than $1 million; nearly 25 percent had sales of more than $50 million.
But if sales languished, leasing transaction volume provided a bright spot for commercial members, growing by 33 percent between 2006 and 2008, according to the report. The median lease value was $128,900; the median size of a lease transaction was 4,300 square feet.
More leases weren't enough to keep median income from falling among commercial practitioners, however. In 2008, median income was $99,900, a drop of 13.5 percent from 2006. Predictably, the more experience you have, the more you earn. Those in the business 16 years or more earned a median of $147,700.
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