The old adage that owners willsell a winner but hold onto a loser seems to be holding true amidthe pandemic-fueled slowdown. And that tendency towardspotential sellers keeping "losers" off themarket seems to be affecting average commercial salesprices. 

That's according to a newanalysis from New York-based commercial real estate data firm RealCapital Analytics crunching the numbers for thedeal volume for office, industrial and retail property that hassold at least once since 2007. 

"Those markets where a greaterproportion of investors will stay in the money in the event ofsmall-to-medium prices falls are likely to remain more liquid thanthose where a greater proportion of investors would experiencelosses in the event of the same drop in market pricing," wroteRCA's Senior Director for the EMEA region TomLeahy in a blog post.

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Ross Todd

Ross Todd is the Editor/columnist for the Am Law Litigation Daily. He writes about litigation of all sorts. Previously, Ross was the Bureau Chief of The Recorder, ALM's California affiliate. Contact Ross at [email protected]. On Twitter: @Ross_Todd.