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Report: U.S. Investment Sales Down 69% in First Quarter

Published Thursday, June 12, 2008

An ongoing stalemate between buyers and sellers helped to slow commercial property transactions to a crawl in the first quarter, but researchers suggest activity will accelerate near or just after the end of 2008. Commercial real estate transaction volume plummeted in the first three months of the year to $39.2 billion, a 69% decrease from the year-ago level, according to a report by Jones Lang LaSalle. “Overall transaction volumes have reverted back to roughly 2004 levels,” researchers state in Jones Lang LaSalle’s Spring 2008 U.S. Investment Market Report. “It will take at least the remainder ...

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