- Despite the volatility due to the onset of COVID-19, total sales volume for U.S. CRE bounced back in 2021. As of mid-December, 2021 volumes were 41% above 2020 annual volumes and 4% above 2019 annual volumes.
- Several gateway markets, including New York City, Washington D.C. and San Francisco, have fallen behind pre-pandemic 2019 sales volumes, while high-growth markets saw a significant increase in transactions.
- Phoenix joined the top 5 markets, while Charlotte and Tampa joined the list of the top 15 markets over the year. Exceptional growth in industrial and multifamily pricing and volumes were key to the rise of these markets.
- Atlanta and Phoenix’s sales volume numbers are particularly impressive as their total CRE inventory is approximately half the size of a large gateway market like New York City.
Top 15 Real Estate Transaction Volumes
December 22, 2021 1 minute read
