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Sign in Sign up for a FREE subscriptionRCA’s Q3 report shows continuation of strong 2013
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