Commercial Lending Expected to Increase in 2014
harkins / February 5, 2014
At Harkins Commercial Real Estate, we monitor national commercial market trends and how they apply to the Sanford and greater Orlando business communities. Just yesterday, the Mortgage Bankers Association (MBA) released a statement projecting that originations of commercial lending and multifamily mortgages will grow to $300 billion in 2014, a 7 percent increase from 2013 volumes.
While only a fraction of that $300 billion in the Central Florida market, we’re still in course for a dynamic year. As lending for commercial properties increase, we can also expect to see a drive in local competition for prime commercial real estate holdings and decreased inventory for potential buyers.
The industry is expected to continue a growth cycle with gains through 2015. For local buyers, that means the time for commercial real estate acquisition is now as the market continues to heat up.
If you’ve been considering a commercial or multi-family real estate holding, contact us at Harkins Commercial Real Estate today and we’ll find the optimal place for your business to grow!
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