Major Commercial Property Sales Down 70-95%

Real Capital Analytics, which tracks national commercial real estate sales, reported on June 25, 2020 that May sales volume was down 79% year over year.  Industrial was the best performer category (only down 70%), office volumes were down 82% and apartments were down 81%. Retail dropped 83%, and all of the above looked comparatively strong as compared to hotels, which were down 95%.”  Expect June figures to be even worse.”  There are major investment groups putting together scavenger funds to go after distressed properties, but many believe that the window of opportunity is still a long way out in the future, which means we are no where near the bottom…sorry!