Real Capital Analytics has released its third quarter U.S. Capital Trends report. Commercial property sales have rebounded from the hike in interest rates late in the second quarter, posting $89.7 billion in sales nationwide during the third quarter — a 26 percent increase from third quarter 2012. The increase was led by the retail and industrial sectors, with retail sales doubling from a year earlier and industrial sales increasing 70 percent in volume.
The retail sector also led all sectors in price appreciation so far in 2013, with the Moody’s/RCA CPPI up 17 percent for retail. The hotel sector has seen a similarly strong performance in price appreciation, with a 16 percent increase so far in 2013. The strong quarter was held back by only the apartment sector, where both prices and acquisitions appear to have plateaued. Additionally, portfolio transactions played a big