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Report: CRE Market Bounces Back in Q2 2019 After Q1 Slowdown
After the first quarter of 2019 saw minimal growth in the commercial real estate market nationwide, the second quarter saw regained traction, according to Ten-X Commercial’s Summer Commercial Real Estate Volume & Pricing Trends report.
The report showed that while Q1 2019 experienced a slowdown in CRE deals, there was recovery in Q2. In the second half of 2018, strong M&A activity created a surge in the CRE market with deals totaling $30 billion. But M&A slowed in the first half of 2019, with deals totaling just $2.2 billion. Second quarter deal volume rose 10% year-over-year and saw an increase of 24% from Q1, bringing Q2 CRE deal volume to $136.8 billion.
“A slowdown in the previously thriving M&A market prompted cooling in total Q1 2019 CRE transaction volume,” said Peter Muoio, chief economist at Ten-X. “However, there was a resurgence in the second quarter of the year, with the apartment sector leading the way in overall deal volume, totaling more than $43 billion in the second quarter.”
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- ◦Economy
