The office sector has posted the strongest year-over-year increase in sales activity of all asset classes, with $4 billion in sales for November. That's a 36% increase, from the previous month, according to research from Colliers.

While the number of deals remained constrained, multiple above $100 million closed in November, including the $255 million sale of 799 Broadway in Manhattan, and the Los Angeles County acquisition of the Gas Company Tower for $200 million, or $152 per square foot.

Multifamily marked six consecutive months of year-over-year volume gains in November. Sector sales volumes topped $10 billion in each of those months, said Colliers. The sector logged two major acquisitions during November that drove sales volume. Standard Communities bought a 6,000-unit affordable housing portfolio in Arizona, California, Colorado and Texas for $1 billion. Meanwhile, Brookfield Asset Management purchased an eight-property, 4,143–unit portfolio from BREIT for $845 million with properties across Arizona, Ohio, Nevada and North Carolina.