2021 Q3 Results Reveal Record Sales Volumes & Prices

Commercial property sales totaled $462 billion for the first three quarters of the year, surging past the prior record set in 2007 when aggregate sales were $448 billion, according to Real Capital Analytics (RCA), a research firm.

Key takeaways from RCA's recent report include:

Single asset sales increase 130% YOY

• Apartment and industrial sectors led all others with a 59% of all sales

• CAP compression continued across all sectors

• Top five metro markets for sales volume were: Dallas, Atlanta, Los Angeles, Phoenix and Boston

• Apartments sales were, by far, the highest number of transactions

• Industrial and Office sectors where the 2nd and 3rd most active

Average CAP rates by asset class are:

• Office - 6.3%

• Industrial - 5.6%

• Retail - 6.4%

• Apartments - 4.7%

Finally, the All-Property Price Index rose 16% YOY, RCA reported, with a 2.2% increase just since August.