By Jim Costello on August 25th, 2017
Investment volume in the U.S. dropped last month to the lowest tally for a July since 2011, the latest US Capital Trends shows. All sectors except industrial declined compared with July 2016.
Deal activity fell 28% year-over-year, the sharpest monthly decline since January. Even as volume dropped pricing was steady, with cap rates flat for most sectors.
The consumer transition from bricks to clicks was evident again in commercial real estate investment. Retail sector volume tumbled 54% year-over-year and for the year to date it is 21% lower. Industrial, boosted by a large logistics portfolio deal, was the star sector in July, gaining 10% compared with a year ago.
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