As the real estate market enters its mature cycle, it could spell an end to earnings growth for commercial real estate companies. CBRE Group's stock declined by 14 percent in August 2015 with 7 percent of that coming in one day. In addition, HFF Inc. saw the value of its share decline by 20 percent in August 2015.
While it is true that broader indexes have declined in recent weeks, commercial real estate stocks have fallen further. For instance, the S&P 500 has seen a drop of 10 percent while real estate investment trusts have lost just 5.7 percent of their value. The 49 percent increase in new commercial real estate deals in the first quarter of 2015 compared to the same quarter in 2014 was largely attributable to several large transactions occurring at that time, and the increase in the second quarter was less than half that.