By Jim Costello on June 23rd, 2017
Investment activity fell 12% year-over-year in May and for the year to date is down 15% year-over-year, the new edition of US Capital Trends shows. Deal volume is falling but the sky is not. Except for the retail sector, prices are still flat-to-increasing.
There were bright spots in May, with the suburban office sector up 3% YOY and the hotel and industrial sectors registering growth of more than 20% YOY. The story for the apartment sector is not so bright. Activity in this sector, which was the largest and most liquid investment market for most of 2015 and 2016, declined in May and was lower than activity in the office sector. For the year to date, transaction volume for apartments is down 25% YOY and for office is down 5% YOY.
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