Commercial Property Sales Rebound From Last Year's 10-year Low: CoreLogic

Originally published on November 1, 2021, by Frank Nothaft for CoreLogic.com.

Much like other parts of the U.S. economy, commercial property sales fell when the pandemic began.  By the second full month of the pandemic, settlements on commercial real estate transactions were about one-half the prior year’s level, hitting a 10-year low in May 2020 and down nearly 50% from one year earlier.

The commercial property market rebounded strongly as the economic recovery began and financing costs fell to record lows.[1]  By June 2021 apartment building and nonresidential sales reached a 15-year high, the largest sales count since June 2006.

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