Activity in commercial real estate continued to decline in the second quarter, pushing activity to its lowest level in 15 years, an industry survey said.
The Commercial Leading Indicator for Brokerage Activity, which has been tracking the industry since 1990, softened by 1.3% between April and June to a score of 101.5, the lowest level since the first months of 1994. That’s nearly 14% below levels seen last year....