Howard Raber, director at Ariel Property Advisors Howard Raber, director at Ariel Property Advisors

NEW YORK CITY—While the number of deals held somewhat steady, the dearth of large institutional-quality sales transactions hit the investment market hard in the first half of this year.

In a report released by Ariel Property Advisors, investment sales dollar volume in the first half of this year fell 47% as compared to a year ago. The brokerage firm states there were 253 sales transactions involving 299 properties that totaled $9.33 billion in the first half of this year. The report notes that first half transaction and property volume fell 19% and 18% respectively in 2017, as compared to the first six months of 2016.

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