U.S. commercial real estate transaction volume jumped in May compared to a year prior when the pandemic put the brakes on activity, the latest US Capital Trends report shows. Apartment sector activity was more than double that seen a year ago and deal volume surpassed that of the office and industrial sectors combined.
For the first five months of 2021, the apartment sector is the only major property type to eclipse deal levels in the same months of 2020 and the average of the years leading up to the pandemic. Total U.S. deal activity across the property types matches that of a year ago, though falls short of average deal volume in the years 2015 to 2019.
The industrial sector is also ahead of average volume before the pandemic struck, but lags activity early in 2020. The sector has been held back by a lack of entity-level transactions so far in 2021. While several high-profile M&A deals across the property types are in the pipeline, none have yet closed.
To learn more about the data behind this article and what Real Capital Analytics has to offer, visit https://www.rcanalytics.com/.
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