By Jim Costello on January 25th, 2019
U.S. commercial property sales rose to the third-highest annual level on record in 2018, boosted by a swell of entity deals and record-high single asset sales, the latest edition of US Capital Trends shows. Volume climbed across all major commercial real estate sectors and industrial and apartment property sales hit highs.
Despite these positive stories, there were signs of weakness into the final months of the years, especially in December. Turmoil in financial markets was a factor.
For the year in total, sale activity increased by 15% year-over-year. With another $8 billion in deals, 2018 activity would have overtaken previous peaks in 2015 and 2007.
This growth in volume is occurring in the face of record-high prices. The RCA CPPI for all property types climbed 6.2% in 2018 from 2017.
Real Capital Analytics (RCA) publishes US Capital Trends, the industry-leading report analyzing U.S. deal volume and pricing data, each month. To learn more about becoming an RCA client and receiving these publications, contact us.