RCA: Investment Sales Post 19% Y-O-Y gain

NEW YORK CITY-The phrase “a rising tide lifts all boats” applied generally to sales of significant commercial real estate in 2013, but it seems as though a variation on the old saw would be even more relevant. That is, a rising tide lifts the most rickety boats the highest, as Real Capital Analytics‘ review of the year found there was an especially strong rebound for the property types and markets that had been the weakest in terms of recovery.

This rebound occurred amid a 19% year-over-year increase nationwide in commercial property sales worth $5 million or more. New York City-based RCA said the year’s tally reached $355.4 billion, while the Moody’s/RCA Commercial Property Price Indices were expected to post a 15% increase nationally Y-O-Y.