Commercial property deals drop $1.6b for first six months

Fri, 04 Sep 2020

Commercial property transactions were valued at $925 million during the first half of 2020, a $1.6 billion drop from the prior six months and the lowest level since 2011, said commercial broker and investment firm CBRE. Still, it could have been worse. CBRE said the shock of covid shutdowns hadn't been as severe as immediately after the global financial crisis, with 44 property transactions still taking place at $5 million or better for the six months through June. Nationally, there were 17 transactions across the $5 million to $10 millio...

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