17 Sep Commercial Sales Report – August 2021

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• With 32 commercial property sales reported in August 2021, the total dollar volume transacted year- to-date has surpassed the total, 12-month volume transacted in 2020, 2017, and 2016 individually.
• The number of sales in all sectors are continuing to trend above 6-year historical averages, with 2021 seeing the most sales year-to-date (327) of the last 6 years.
• The Industrial sector continues to be the most stable over recent years, and through August 2021 the total dollar volume transacted has fallen 0.65% below historical averages.
• The Multifamily sector has seen the largest increase in activity through 2021 with a 59.7% increase in number of sales and 103.3% increase in dollar volume transacted.
• The 12-month moving averages for all commercial sales metrics have been steadily increasing sinceNovember 2020, indicating a boom in activity over the last year.