RCA Insights
April 2017 US Capital Trends: A Return to Declines
By Jim Costello on May 19th, 2017
Commercial property investment activity was down 25% YOY in April, a reversal of trend from March which posted 9% YOY growth, the new edition of US Capital Trends shows. A stalling in single asset sales is contributing to the weakness.
The apartment sector was the only property type to show year-over-year growth in April and that was due to one $2.85b megadeal. Retail was the worst-performing of the income-producing sectors, registering a 51% YOY decline in deal volume in April.
If you are a current RCA subscriber log into your account to download the April in Review Big Picture report and reports for the individual property types.
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.