Deals for properties valued at $5 million to $25 million declined 29 percent to approximately $38.9 billion from January through June, according to Real Estate Alert in its Mid-Year Broker Rankings of transactions. The supplement uses Green Street’s proprietary data and analytics.
CBRE led the Midyear Overall Broker Rankings for the private-capital space as well as for sales priced at $25 million and higher. In the smaller-sales race, Marcus & Millichap placed second, followed by JLL.
The first six months yielded $96.8 billion of multifamily, industrial, office, hotel, retail and niche property trades worth $25 million or more, according to Green Street’s Sales Comps Database. That’s down from the first-half record of $247 billion in the year-ago period and close to the first six months of 2020, when sales dropped to approximately $86 billion amid the onset of the pandemic.
“The declines in the first half were sweeping, affecting every asset class