14 Jun Commercial Sales Report – May 2022

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• The Commercial Sales market is continuing to see record year-to-date numbers in 2022 for both total number of sale transactions and total dollar volume transacted – 220 and $454.4mm respectively.
• After a record year for Multifamily sales in 2021, the total dollar volume year-to-date in 2022 is more than double last year’s figure – $215.8mm vs. $101.9mm.
• All sectors except for Land have seen an increase in total number of sales and total volume over previous 7-year averages. Land is down 10.47% in number of transactions and down 4.68% in dollars transacted.
• The Industrial sector is on pace with previous years’ averages but is currently trading at a record high price per SF of $64.77.