CRE Fundamentals Power Through in Q2

“The US CRE market continues to provide attractive investment opportunities,” says Ten-X’s Peter Muoio.

IRVINE, CA—Despite a 12.7% year-over-year decline in overall transaction volume in the second quarter, the fundamentals underpinning commercial real estate continue to illustrate a relatively strong marketplace, Ten-X said Wednesday. The online real estate marketplace pointed to the sector’s position as an increasingly safe investment for foreign entities.

“While the downward trend in deal volume may appear to be cause for concern, our research shows that the US CRE market continues to provide attractive investment opportunities, particularly in the face of widespread uncertainty following Brexit and other financial and political turbulence abroad,” says Peter Muoi, chief economist with Ten-X. At the same time, he adds, “property prices have rebounded from their winter lull, and are up over 8% across all sectors from this time last year.”