CBRE: 2019 has second-highest Q3 investment volume on record

Commercial real estate investment volume1 decreased by 6.6 percent year-over-year in third quarter to $143.1 billion due to a sharp drop in entity-level deals, according to CBRE. 2019 had the second-highest third quarter investment volume on record, after third quarter 2018's investment volume of $153.2 billion.

Individual-asset sales were up slightly to $96.1 billion, remaining near cyclical-high levels. Portfolio sales volume surged 51.4 percent year-over-year, driven by Blackstone's $18.7 billion acquisition of GLP's U.S. industrial portfolio, which also made the industrial investment volume to increase by 63.2 percent year-over-year.

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