Commercial real estate investment volume decreased by 6.6% year-over-year in Q3 to $143.1 billion due to a sharp drop in entity-level deals, according to a recent report by CBRE. However, individual-asset sales were up slightly to $96.1 billion, remaining near cyclical-high levels. Also, portfolio sales volume surged 51.4% year-over-year, driven by Blackstone's $18.7 billion acquisition of GLP's U.S. industrial portfolio. Acquisitions volume totaled $143.1 billion in Q3. Bottom line? Excluding entity-level deals, which are highly volatile, this was the second-highest quarterly total ever ($139.4 billion vs. $146.3 billion in Q4 2015). Take a look at our slideshow above to dive more deeply into CBRE's stats for this quarter.
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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.
