Commercial Sales Report – November 2021


    • After 11 months, 2021 has officially exceeded each of the previous six-year highs in both number of commercial sales transactions (471) and total dollar volume transacted ($800m).
    • The Multifamily sector continues to see the most significant change from 2020 with a 340% increase in transaction volume in 2021.
    • Industrial sector sales have not set a record year in sales or volume, but they continue to trend above 6-year averages and have lifted the price per SF up 8.1% over 2020 ($57.19 vs. $52.88).
    • As retailers experience steadily increasing revenues post pandemic shutdowns, the Retail sector’s price per SF is the highest in 6 years at $186.40 – a 9.5% increase over 2020.
Elifin Realty
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