That commercial real estate transactions slowed in the third quarter of this year shouldn't surprise. Costs went up as the Fed turned the screws to baseline interest rates and commercial financing did so as well.

But buyers with cash still did deals, according to Crexi, in its quarterly national trends report. The company says that its report "dives into transaction and leasing activity on Crexi throughout Q3 2022." As a result, the information may not be representative. But with so much seemingly up in the air, all information, even if not perfect, is at least worth considering.

"Transaction speed slowed, and more deals went on pause on Crexi in Q3 compared to activity in the previous quarter," the firm said. "Many PRO brokers have anecdotally reported that negotiations during the contract phase have become more crucial, even among motivated sellers and buyers."