Sales of commercial real estate assets are likely to continue at a robust clip, despite decreasing valuations, led by the multifamily, industrial, and retail sectors. 

That's according to the latest Q2 research from Crexi, which shows that the average price per square foot across the firm's platform rose more than 10% in the second quarter of the year, the third consecutive quarter of pricing increases since Q3 2021 and a 15.6% jump in property values since last year.  Searches experienced a 167% uptick year-over-year for for-lease space and "showed no signs of slowing, even amid economic uncertainty," the firm notes in a report discussing the data. 

The number of unpriced listings also rose, reflecting what Crexi analysts call "an overall market pause" related to rising interest rates and capital costs. costs. Around 14% of new listings were unpriced in Q2, compared to 13.75% the previous quarter and 13.4% the last year.