The U.S. commercial real estate market is in a slump, with investment sales down during Q3 2022 compared with both the previous quarter and a year earlier, according to a new report by Colliers.
Investment sales volume for the third quarter totaled just over $162B, down from $178.8B during the second quarter, and down 19% from the $200B in deal volume during the third quarter of 2021, the report found.
“Today’s market conditions are abnormal,” the report says, noting that liquidity challenges for commercial real estate usually happen because of weak fundamentals or a banking crisis. Neither of those is driving the…