By Real Capital Analytics on October 20th, 2021
U.S. commercial property sales surged to new highs in the third quarter, fueled by individual asset sales in the apartment and industrial sectors, the latest US Capital Trends report shows.
Commercial property deal volume surpassed $450 billion for the first three quarters of the year, a level never before reached. The last time deal volume approached this mark was 2007, when entity-level deals in the office and retail sectors bolstered total activity.
In Q3 2021, the apartment and industrial sectors constituted some 60% of total activity. It was a record quarter for apartment deal volume, with the quarterly total higher than the average annual totals for the sector from 2008 to 2011. In the industrial sector, year-to-date activity set a new high.
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