Colliers Reports Dramatic Decrease in Investment Sales Volume

In a January 5, 2023 report by Aaron Jodka, Head of Research for Colliers U.S. Capital Markets, investment sales volume was down in November 2022 72% as compared with November 2021. Strong early-2022 numbers will still make last year a terrific success, but industrial volume is now down 80% and multi-family down 74%. Central Business District office building sales are at the lowest level since the Great Recession. In my opinion, part of these trends can be summed up in just four words: “Those Darn Interest Rates!”