Top 10 Commercial Real Estate Moments of 2013Dec 31, 2013
It was another memorable year for commercial real estate. The industry has mounted a long and steady recovery since the 2008 financial crisis. This year brought more of the same with improving fundamentals in all areas. Investment sales volumes were up. Vacancy rates fell. Capital was more available. And development activity increased.
There were also some moments of high drama, both positive and negative. The editorial team at NREI put our heads together and identified what we consider to be the top 10 moments of the year. Some were long in the making (for example, the topping out of WTC One). Others seemed to come out of nowhere. All of them had further ramifications for the industry. And the effects will continue to be felt in 2014.
So we present to you the top moments of the year in chronological order. Disagree with our choices? Are there things we've missed? Leave your own thoughts on the top moments in the comments section.