The first half of 2018 was a particularly strong one for commercial real estate deals, according to the latest research from Colliers International.
Colliers reported that U.S. commercial real state sales volume – covering all asset classes – totaled $236.1 billion in the first half of 2018. That’s a jump of 11.8 percent when compared to the first half of 2017.
The Midwest was especially busy during this time, recording $25.8 billion worth of CRE sales. That figure is a strong 23.4 percent higher than during the first half of 2017.
In little surprise, the industrial sector has been especially strong. Colliers reported that in the first half of the year, nearly 4,000 industrial properties traded at a value of $39.2 billion. That is a year-over-year increase of 28.2 percent.
In the Midwest, industrial sales for the first half of 2018 totaled $5.6 billion.
The office and retail markets, though, showed a downward blip. Colliers reported that the sales of office properties totaled $57.6 billion in the first six months of the year. That is down 10.9 percent from last year. Retail sales totaled $34.4 billion in the first half of the yeaer, down 10.5 percent from the same period one year earlier.
The commercial real estate market continues to attract foreign capital, too. Colliers reported that Canadians poured $18.1 billion into the market in the first half of 2018 to lead the way. France came in second, investing $8.3 billion into commercial real estate assets, with China third with $4.9 billion.