Deal Volume to Drive U.S. Commercial Property Recovery, PWC Says
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U.S. commercial property sales will climb during the next three years as increased investor confidence drives a recovery in all segments of the market, a report by PricewaterhouseCoopers LLP said.
Buyers, encouraged by job growth and rising business and consumer optimism, will jump into the market before interest rates move higher and competition pushes up prices of office, industrial, multifamily and retail properties, according to the quarterly survey of real estate investors by the company’s New York-based unit.