National office transaction volume is on pace to eclipse the total from 2020, but fall short of pre-pandemic levels from the latter part of the last decade, according to CommercialEdge.
The San Francisco Bay area, Boston, Seattle, Austin and Atlanta have impacted this year's numbers, which sit at $53.3 billion through the end of September; $61.8 billion were recorded during 2020.
Notably, Bay Area office sales exceeded $7 billion in the first nine months of the year, carrying significant weight in the national transaction volume. Boston sales amounted to $4.6 billion during the same timeframe, while the Seattle volume is nearing the $4 billion threshold, with $3.8 billion in office transactions closed by October 1.
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