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Auction.com: MF, Retail Lead Rising Price Trend

IRVINE, CA—The online marketplace facilitates the closing of 57 commercial assets during March, including multifamily and retail, for a total purchase price of $190 million.

By Carrie Rossenfeld | Updated on April 18, 2014

IRVINE, CA—The multifamily and class-A retail sectors are driving the trend of rising sale prices, according to Auction.com. The online marketplace facilitated the closing of 57 commercial assets during the month of March with a combined purchase price of $190 million, many of them apartment communities and shopping centers.

According to Eric Paulsen, EVP, general manager, commercial division, for Auction.com, “With sale prices continuing on an upward trajectory, performance across all sectors remains healthy, with multifamily and class-A retail leading the way. The Auction.com platform remains a major player in this sector, yielding above-market sales in these categories.”

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