AZBigMedia
Avison Young has released its Fall 2017 North America and Europe Commercial Real Estate Investment Review.
Vendors of commercial real estate assets continue to attract a diverse group of eager buyers deploying an abundant supply of capital across asset classes and geographical boundaries. In some markets, scarcity of product has resulted in peak pricing, leading some investors to look further afield in a world of shrinking returns – and to take on more risk.
Through the first half of 2017, investment sales volume in the Phoenix Metro Area declined 16% to $4.3 billion from $5.1 billion at mid-year 2016. Industrial and office sales volumes increased 34% and 22%, respectively, while the retail (-50%) and multi-family (-24%) sectors registered declines.
