Commercial Real Estate Deals Plunge to Lowest Level Since 2010
- Hotels lead the decline with a 95% decrease in deal volume
- Total transaction volume plunged more than previous month
Photographer: Audun Bakke Andersen/Moment RF via Getty Images
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The U.S. commercial property market froze up during the pandemic.
The volume of deals for properties including offices and hotels plummeted 79% in May compared with a year earlier, according to Real Capital Analytics Inc.