RCA Insights

Q1 2017 US Capital Trends: Industrial Waxes, Apartment Wanes

By on April 21st, 2017

U.S. commercial property sales declined 18% in Q1’17 versus a year earlier, with both megadeal and single asset activity posting double-digit YOY drops, the new edition of US Capital Trends shows.  The industrial sector was the only sector to achieve positive YOY growth and the apartment sector performed worst, logging a 35% YOY decline.

1704 USCT overview main-01

Private capital sources were the most significant buyers and sellers of commercial property in Q1’17 and on a net basis they acquired $3.5b. Cross-border investors were the biggest net buyers, while institutional/fund investor types were the biggest net sellers.

If you are a current RCA subscriber log into your account to download the Q1’17 in Review edition. The Big Picture report and reports for the office, industrial and retail sectors include special analysis of the single-tenant market.

 

Jim Costello

Jim Costello

Senior Vice President
jcostello@rcanalytics.com

Jim Costello has worked in the CRE space on issues of urban economics since 1990, including a 20-year stint at Torto Wheaton Research. Jim expanded the reach of the Torto Wheaton Research team developing forecasts of global market fundamentals. He also developed approaches to pair the forecast results with frameworks to answer investor questions on asset values and relative investment opportunities.

In the aftermath of the Global Financial Crisis, Jim provided advice to the Treasury Department and helped educate these professionals on commercial real estate performance. Jim is a member of the Commercial Board of Governors of the Mortgage Bankers Administration, where he helps policy makers understand the commercial real estate industry.

Jim is expanding the capabilities of the Real Capital Analytics team on issues of real estate market dynamics. Jim has a master’s degree in economics and is a member of the Counselors of Real Estate.