Transaction Volume Summary

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  • Entity-level sales represented 25% of all investment in February of 2023.
  • Volume was down only 47% from a year earlier when looking at just individual property sales along with portfolio deals.
  • Transaction volume fell at double-digit rates over the last three months.
  • The apartment sector was once again the leading sector for commercial property investment in the month after being displaced in January due to entity-level sales in the retail sector. Retail was the number three sector in February behind industrial and apartment.
  • Prices peaked in July of 2022 and have fallen a cumulative 12.2% to February of this year.