CRE investment volume reaches $122b second quarter
Commercial real estate investment volume was $121.5 billion in second quarter — an increase of 3.4 percent year-over-year and the highest second-quarter total since 2015, according to CBRE.
Individual asset sales volume increased by 9.3 percent to $91.2 billion, the highest second quarter total since at least 2004 (the earliest data available) and more than offsetting the decrease in entity-level deals from very high levels in 2018.
Among the major property types, office registered the largest annual increase in volume (30.5 percent), followed by multifamily (20.6 percent). Total industrial volume decreased, but individual industrial asset sales volume was up by 2.7 percent year-over-year. Individual asset sales of retail and hotels both decreased by a smaller amount than overall volumes.
Among the top-20 markets for investment volume, the strongest year-over-year increases compared with the previous 12-month period occurred in tech markets (Austin, Boston, th