Fresh data from Colliers and MSCI reveals a positive February for commercial real estate sales, with overall volume up 30% year-over-year at $24.4 billion. Year-over-year price changes for office, industrial, retail, and multifamily (leaving out hospitality) were up 1%.
On volume growth, every category was positive except industrial, which was flat at $5 billion in sales volume. Retail had the most significant jump of 105% for $7.1 billion. Next was office, at $3.5 billion, up 55%. Hospitality saw a 20% increase to $1.3 billion, and multifamily had 7% growth to $7.5 billion.
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