During the first quarter of 2013 the Dayton commercial and industrial real estate markets tracked closely with the national political climate with modest activity in all market sectors. In the third and fourth quarters of 2012 activity from buyers and tenants began to cool while they waited for the outcome of the 2012 election. This condition continued through beginning of 2013 due to frustrations of gridlock in Washington.
Our forecast for second quarter 2013 is continued market uncertainty, with buyers and tenants remaining cautiously optimistic in all sectors. As we move toward the third and fourth quarters of 2013, we anticipate that the market will regain some of the momentum witnessed in 2012 as a result of greater certainty in the economy.