By Jim Costello on July 28th, 2017
US deal activity inched lower in the second quarter of 2017 as buyer and seller discord on pricing hampered growth, the new edition of US Capital Trends shows. Investor caution in higher-priced markets hurt Manhattan, and Los Angeles claimed its position as the largest commercial real estate investment market.
Deal volume dipped 5% in Q2’17 versus the same period a year ago, the third consecutive quarterly decline. For the first half of 2017, activity was down 8% versus a year earlier, though some sectors fared better than others. Both prices and deal volume for hotels, suburban office and industrial assets in the Non-Major Metros climbed in the first half of the year. The retail sector in Non-Major Metros is suffering both on the price and volume fronts.
If you are a current RCA subscriber log into your account to download the Q2’17 Big Picture report and reports for the individual property types. The top markets, deals and players at midyear are ranked.