Ten-X's Peter Muoio Muoio: “The industry seems to have digested and even shrugged off a flurry of policy announcements.”

IRVINE, CA—Even as commercial property pricing has declined, investment activity expanded in the second quarter, Ten-X said Wednesday. The firm’s latest Commercial Real Estate Volume & Pricing Trends report shows that transaction volume jumped 15.6% from Q1 to $105 billion, according to Real Capital Analytics data, with the increase driven by growth in all sectors save retail. Although this represents a return to quarterly levels above the $100-billion mark, deal volume remains far below its cyclical peak, and is now 4.5% lower than a year ago.