Although the leasing activity in the local markets had maintain relatively flat, the sales findings in 2013 are lower than expected in transactions across the board. The reports show a decline in sales over the second half of 2013 after an increase in transactions in the fourth quarter of 2012. This shift could indicate that the level of distressed assets in both Frederick and the I-270 Corridor market has declined in 2013 giving proof that banks were successful in releasing many of their distressed assets before the end of 2012, leading 2013 to a more normal commercial real estate sales market.
- 2013 Q4 Commercial Market Update Report
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