Commercial Real Estate Market Activity Reached A New High
Ten-X (formerly Auction.com) has released its Q4 2015 Commercial Real Estate (CRE) Capital Trends report, which reveals that CRE capital markets activity – especially how it pertains to transaction volume – reached a new cyclical high in Q4.
The total deal volume for the five major CRE sectors reached $150.3 billion, which amounts to a 20.2-percent increase from a year ago. The Q4 sales figures represent the highest quarterly total since the recession hit and a sign of recovery after a sluggish previous two quarters.
“While a slowdown in CRE was evident after we saw drops in sales volume across the second and third quarter of 2015, a fourth quarter spike in deals lends evidence to increasing confidence in the U.S. real estate market,” said Ten-X Chief Economist Peter Muoio.
“All five CRE sectors saw quarterly increases in deal volume, thanks to the strengthening U.S. dollar and the typical fourth quarter rush among investors to complete deals by the end of the year,” Peter Muoio adds. Source: PRNewswire