- September 1, 2014: Vol. 26, Number 8

To read this full article you need to be subscribed to Institutional Real Estate Americas

U.S. property sales boom during Q2

by Mike Consol


Based on its second quarter 2014 performance, it would not be an overstatement to officially declare the U.S. commercial real estate industry a juggernaut. The dollar volume of commercial properties priced at $10 million or more sold during the quarter advanced 27.5 percent higher than the same quarter of 2013.

Some 2,768 such U.S. properties changed hands at a cost of $78.0 billion during the three-month period, for an average per-property sale price of $28.2 million.

The data, compiled by Real Capital Analytics, shows that, per usual, New York City is leading the run-up with 307 properties selling for $12.2 billion, or $39.7 million per property. Los Angeles ranked second for the quarter with $5.6 billion in sales, followed by San Francisco with $4.1 billion; Washington, D.C., with $3.4 billion; and Boston with $3.1 billion. San Francisco racked up the highest average price per property at $58.4 million.

Continent-wide, the dollar volume

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?