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Deal Volume Ticks Upward Even as Pricing Slips

Buyers and sellers are diverging in their pricing expectations, "which led to a Q3 marked by tepid deal volume and pricing,” says Peter Muoio at Ten-X.

Ten-X's Peter Muoio ““Investors recognize the advanced age of this economic expansion,” says Muoio.

IRVINE, CA—Even as commercial property pricing has ticked downward in recent months, transaction volume has been moving in the opposite direction. Ten-X Commercial said Wednesday that investment activity increased by 3.2% in the third quarter, marking the second consecutive three-month period of quarterly increases.

Citing Real Capital Analytics data, Ten-X’s Commercial Real Estate Volume & Pricing Trends report says that Q3 volume reached $109.5 billion. Although investment activity remained above the $100-billion threshold for the second quarter in a row, deal volume was far below its cyclical peak and was down 9.6% year over year.

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Paul Bubny

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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