Are commercial real estate sales on the rise? Not surprisingly, that depends on the sector.
Colliers recently released its May Capital Markets report charting the performance of the main commercial real estate sectors. And in little surprise, the office sector is lagging behind the others.
According to Colliers, the U.S. office sector recorded $3.5 billion in sales volume during March. That is down 67% from the same month a year earlier and down 11% from February.
Other sectors recorded stronger performances.
Colliers reported that the U.S. industrial sector recorded $7.9 billion in sales volume in March, up 27% from a year ago and up 26% from February. The hospitality industry saw strong sales volume, too, recording $2 billion in sales volume in March. That is up 9% from March of 2024 and up 30% from February of this year.
The U.S. multifamily sector saw $9.2 billion in sales volume in March, up 20% on a year-over-year basis. That sales volume, though, was down 10% when compared to February.
The U.S. retail sector held steady, too, registering $4.5 billion in sales volume in March, up 30% year from the same month a year earlier. That figure was down 40%, though, from February.
