By Jim Costello 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.
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.