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SIOR Members Report Highest Transaction Volume Since Pandemic Began
SIOR’s fifth monthly Snapshot Sentiment Survey of its members finds that member transactions are at their highest levels since the pandemic began, and broker confidence is back to 6.58 on a 10-point scale after declining in July. The survey found that 45.2% of all deals are going through as planned, compared to 26.1% in April.
Canceled transactions also decreased in August, with the industrial sector reporting 13.2%, the lowest levels since the pandemic began. Canceled office transactions also dropped, down to 18.8% from July’s peak of 19.7%.
“When you consider the results of the August survey, it’s clear that our members believe the office sector is showing promise,” said SIOR Global President Mark Duclos, SIOR. “Combine that with the confident results we’re seeing in industrial, it’s apparent that the commercial real estate industry is in better shape than many would have thought when the pandemic began.”
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