By Real Capital Analytics on July 24th, 2020
U.S. commercial real estate transaction activity plunged in the second quarter as the Covid-19 crisis scuppered dealmaking and cast a shadow on future demand for some property types. Transaction volume dropped 68% to the lowest level for a second quarter since the Global Financial Crisis, the latest edition of US Capital Trends shows.
Activity across all major property types tumbled. Industrial sector sales volume was half that of a year earlier, with the other key sectors faring worse. Only 68 hotel transactions took place in the quarter.
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