Latest data confirms depth of R.E. slump
Boston Business Journal reports: Dollar volume for commercial property sales in Boston during the first half of the year was off 46 percent from the same period last year and 92 percent from the first six months of the peak year of 2007.
For the first six months of this year, 22 properties sold for $870 million compared with 92 properties selling for a total of $1.6 billion in the first six months of 2008. At the peak of the white-hot investment sales market, 235 properties sold for $11.2 billion in the first six months of 2007, according to Real Capital Analytics Inc.
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Posted by: Nina Turner