N EW YORK CITY—Stock market volatility or no stock market volatility, preliminary data from Real Capital Analytics suggest that January deal volume for US commercial property sales remained elevated at $44.5 billion. Although down 7% from the year-ago period, it still represents the second most active January on record—just as 2015's 12-month tally of $533 billion was the second highest on record, behind 2007. Moreover, when January's totals are combined with those of the preceding month, the tally of $117.2 billion is the highest for any 60-day period on record.
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