U.S. Commercial Real Estate Showing First Signs of a Thaw
- While deal volume fell 57% in third quarter, prices climbed
- It’s not all ‘gloom and doom,’ Real Capital Analytics says
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Prices on U.S. commercial real estate deals showed signs of improvement in the third quarter, though the number of transactions tumbled as Covid-19 continued to hammer the economy, according to Real Capital Analytics Inc.
While investment volume fell 57% from a year earlier, prices climbed 1.4% on average, the research firm said in a report Wednesday. Deals picked up from the previous quarter, exceeding typical seasonal changes.