Peter Muoio Muoio: “Uncertainty around tax-reform-related policy undeniably weighed on deal volume late last year, but the legislation that eventually passed is expected to be beneficial to the real estate industry.”

IRVINE, CA—Deal activity may have been slowed by the looming specter of tax reform, which prompted investors to delay transaction closings until the new, advantageous legislation took effect in 2018, according to Ten-X Commercial. The firm’s latest Commercial Real Estate Volume & Pricing Trends report shows that CRE transaction volume declined to $117.4 billion in Q4; according to Real Capital Analytics, this amount represents a 0.5% decline from the prior quarter.