CRE Transactions Have Crashed 70% Year Over Year

A new Green Street report by managing director Daniel Ismail and analyst Harsh Hemnani digs into commercial real estate transactions of $5 million or more. As a “critical metric of CRE health and overall liquidity,” the deal activity is bad news, only $37 billion, down a “stunning” 70% year over year, based on the analysis of information in the firm’s sales comp database.

This is more than a comparison between a slowed period and a previous historical record. Q1 saw a figure lower than the 10-year average transaction pace. If quadrupled for an annualized result, the $148 billion would be lower than every other year since at least 2013.