Economy Watch: Real Estate Investment Off in First Half of 2017
ByTotal U.S. real estate investment volume dropped by 12 percent compared with the same period in 2016, with industrial being the only sector to increase volume in the first half of 2017, Avison Young reported recently.
Los Angeles led the way in total investment sales dollar volume at $11.5 billion as of the end of the second quarter of 2017, though that’s $2.7 billion less than the same period in 2016. Office, retail and multifamily sales dollar volumes were all below their mid-year 2016 levels. Only industrial sales volume picked up, by 17 percent, from the same time in 2016…
Economy Watch: Real Estate Investment Off in First Half of 2017