Sales of smaller commercial properties — defined as those valued at between $5 million to $25 — million doubled last year, according to new analysis from Green Street.
The multifamily and industrial sectors were primary drivers of growth in the smaller property sector: in 2021, sales of what Green Street terms "beds and sheds" accounted for 58% of all smaller sales, up from 50% in 2019.
Experts maintain that the boom in smaller property sales is being driven by similar factors to those pushing up investment sales in the over $25 million category.
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