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.




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