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WASHINGTON, DC—This quarter, total real estate deal value contracted by 10.2%, compared with the same period in 2018, according to PwC's Q3 Outlook. Indeed, this drop continued a trend seen throughout the first nine months of the year, with announced value of CRE deals slipping by 3.8% from the same period in 2018.
Other numbers also show that 2019 is under performing. Deal volumes are off slightly from 2018 with Q3 down 6.9% from the same quarter in 2018. The Jan-Sept 2019 numbers have also been drifting downward; they are now down 1.8% over the five year average for the same seasonal period.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
