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Wednesday, 24 April 2019

Property Sales Volume Plunges 11 Percent in 1Q as Caution Prevails

Commercial property investment-sales volume totaled only $106.4 billion during the first quarter, an 11 percent drop from the $120 billion of volume posted during the same period a year earlier, according to Real Capital Analytics. The New York research company blamed investor uncertainty and caution for the sharp pullback.

Commercial Real Estate Direct Staff Report

Commercial property investment-sales volume totaled only $106.4 billion during the first quarter, an 11 percent drop from the $120 billion of volume posted during the same period a year earlier, according to Real Capital Analytics, which blamed investor uncertainty and caution for the sharp pullback.

The New York research company said investors were spooked late last year, when interest rates were on the rise. While they subsequently declined, deals came to a near standstill as the spread between what sellers were asking and buyers were offering widened.

Sales volume among every property sector tracked by Real Capital, save for apartments and seniors housing, dropped during the period. And apartment-property sales activity, which has driven much of the commercial real estate market since the recession, was up a mere 1 percent, to...


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