14 Aug Commercial Sales Report – July 2020
Louisiana remained in “Phase Two” of the federal government’s plan for reopening throughout July. The total dollar volume of commercial sales year to date is currently 18.5% lower than the previous 5-year low in 2016.
Year to date sale velocity is lower than previous years, but the number of commercial transactions has increased by 50% between June and July. This is an encouraging sign that should reassure investors persevering through the COVD-19 pandemic.