Transaction volume exceeds expectations in Q1 2018
Transaction volumes exceeded expectations in first quarter 2018, increasing 4.7 percent year-over-year, according to JLL’s first quarter 2018 U.S. Investment Quick Look. In total, $98.7 billion in commercial real estate changed hands, with the industrial, multifamily and hotel sectors outperforming and driving growth. Yet, selectivity prevails, notes JLL, and investors remain disciplined.
The industrial sector outperformed the broader market by dollar volume, with first-quarter activity increasing 20.8 percent year-over-year to $15.9 billion, marking the second-strongest start to a year on record for the sector. Hotel activity also grew significantly, as transaction volume shot up 78 percent year-over-year, boosted by portfolio activity and ongoing interest from offshore investors, reports JLL.
The apartment sector also experienced another surge in transaction volume, growing 32.2 percent. Multifamily was the most active property sector for the fifth consecutive quar