14 Dec Commercial Sales Report – November 2020
The number of all commercial sales is in line with the historical average at 330 YTD 2020 (down only -3.28% from the average YTD over the last 5 years).
Dollar volume of all commercial sales is at a 5-year low at $369.6 million YTD 2020 (down -31.25% from the average YTD over the last 5 years).
Land sale volume in the month of November alone makes up 39% of the current YTD ($26.88 million in November, $69.38 million YTD 2020).
The retail sector continues to report a high number of transactions throughout 2020 (current YTD number of transactions is 15.5% higher than the previous 5-year high in 2018).
Multifamily dollar volume is markedly lower than previous years with $80.2 million YTD 2020 (down -58.64% from the average YTD over the last 5 years).
While the office sector reports lower than average transaction volume, the average price per SF remains in line with historical data over the last five years.