More than 218 members of the Society of Industrial and Office REALTORS® (SIOR) participated in the Commercial Real Estate Index survey, supplying their knowledge of the industrial and office market conditions for the second quarter of 2013. The responses, compiled by SIOR in association with the National Association of REALTORS® (NAR), present an accurate depiction of the current industry for the start of 2013.
The SIOR Index rose significantly during the summer 2013 quarter, gaining 11.7 points, from 81.7 to 93.4. A balanced market is signified by 100 points—something the U.S. has not experienced since third quarter 2007. The Index has not been in the 90’s since Fourth Quarter 2007.