The office and multifamily sectors are leading the CRE sales volume growth as the overall market appears to be stabilizing. The market has posted annual gains in four of the past five months and five of the past seven months, including October, according to a sales volume analysis by Colliers director of national capital markets research Aaron Jodka.
Multifamily is typically the volume leader and serves as an indicator of broader market momentum. Both office and multifamily posted an 18% increase in sales volume compared with the same period last year. However, Jodka noted that the number of completed deals has yet to turn the corner, and October’s velocity figure was the lowest so far this cycle. The recent movement in the 10-year Treasury is stalling some deals, which could dampen year-end figures, he said.
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