US commercial property sales
American commercial real estate sales in the first half of 2010 were just a section of the average of the earlier six years as owners kept properties off the market, according to new figures. Buyers and sellers finished $34.2 billion of deals, some 26% of the standard first half dollar volume since 2004, according to data from Real Capital Analytics. The full amount was about 12% of the 2007 peak, when $277.7 billion of properties changed hands in the same stage but the report shows that sales increased 58% from last year’s first half when purchases dried up after the US credit crisis and downturn sent values plummeting.
