The US commercial real estate sales market passed pre-pandemic levels in the second quarter, according to Real Capital Analytics.
Activity in the second quarter surpassed the average deal volume trend for the second quarters in 2015 to 2019 by 14%, according to RCA. In addition, investment activity grew at a triple-digit rate compared to the pandemic-plagued second quarter of 2020.
"In a sign of market strength, it was the sale of individual assets rather than portfolio and entity-level deals which spurred the growth," according to RCA. "The dollar level of single property transactions in Q2 2021 was 17% above the trend seen before Covid-19 hit US shores."
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
