In 2022, the volume of commercial real estate transactions reached 752 billion U.S. dollars, up from 427 billion U.S. dollars in 2020. One of the reasons for the surge was the pandemic and the release of pent-up demand as the economy reopened. A real estate transaction refers to the process of passing the rights in a property unit from the seller to the buyer in return for an agreed upon sum.
Effect of 2007-2008 credit crisis
The U.S. real estate market reached its peak in 2007, just before the 2007-2008 credit crisis when the property market collapsed. The value of commercial property returns dropped between 2007 and 2009. Since 2010, the market has steadily recovered, and the volume of transactions climbed until 2015, and has levelled out since then.
Types of commercial real estate
The change in overall transaction volume is most likely impacted by the type of commercial properties which are more attractive to investors in a particular period. For instance, the interest in multifamily housing investment opportunities went down in the same period that interest in hotel investment opportunities went up.
Volume of commercial real estate transactions completed in the United States from 2007 to 2022, with a forecast until 2024
(in billion U.S. dollars)
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CBRE Group. (December 12, 2023). Volume of commercial real estate transactions completed in the United States from 2007 to 2022, with a forecast until 2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 13, 2024, from https://www.statista.com/statistics/245103/real-estate-capital-flows/
CBRE Group. "Volume of commercial real estate transactions completed in the United States from 2007 to 2022, with a forecast until 2024 (in billion U.S. dollars)." Chart. December 12, 2023. Statista. Accessed December 13, 2024. https://www.statista.com/statistics/245103/real-estate-capital-flows/
CBRE Group. (2023). Volume of commercial real estate transactions completed in the United States from 2007 to 2022, with a forecast until 2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 13, 2024. https://www.statista.com/statistics/245103/real-estate-capital-flows/
CBRE Group. "Volume of Commercial Real Estate Transactions Completed in The United States from 2007 to 2022, with a Forecast until 2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 12 Dec 2023, https://www.statista.com/statistics/245103/real-estate-capital-flows/
CBRE Group, Volume of commercial real estate transactions completed in the United States from 2007 to 2022, with a forecast until 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/245103/real-estate-capital-flows/ (last visited December 13, 2024)
Volume of commercial real estate transactions completed in the United States from 2007 to 2022, with a forecast until 2024 (in billion U.S. dollars) [Graph], CBRE Group, December 12, 2023. [Online]. Available: https://www.statista.com/statistics/245103/real-estate-capital-flows/