RCA Insights

US Commercial Real Estate Sales Tumble Again in Q3

By on October 21st, 2020

U.S. commercial real estate activity tumbled again in the third quarter of 2020 compared to deal levels of a year ago, though there were glimmers of improvement in recent trends, according to the latest edition of US Capital Trends.

The dollar volume of properties changing hands in Q3 2020 dropped 57% from a year prior, but rose 37% on Q2 2020 levels, a bigger increase than seasonal activity patterns would normally present.

The apartment sector was the largest component of U.S. commercial real estate in the quarter, even with sales down 51% from a year earlier.

Sales of commercial property out of distressed situations totaled 1% of the overall market in the third quarter. That share was higher for the troubled hotel and retail sectors. Distressed sales in the retail sector represented 3% of deal volume, and for the hotel market 9% of sales were related to distress.

preview of US Capital Trends Big Picture report

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Real Capital Analytics clients <<click here>> to access this edition.

Also in this report:

— Covid-era pricing and distress trends across the property types
— Most active players and largest deals of 2020 so far
— Top markets for the major property types

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