September 28, 2015
Colliers International Group says commercial property sales have risen 38 percent year-over-year for the first half of 2015. The Colliers report also indicates 2015 could become a record year in commercial transactions if current velocity continues.
“In light of the heated levels of activity in the first quarter, we are actually seeing modest decreases in second quarter transactions across most property types, with only development land showing a quarterly increase,” said Brian Ward, president of Capital Markets & Investments.
“However, if the current pace continues, it will set a record for total transactions during an already noteworthy year,” Ward concluded.
The study goes on to say that the first quarter of 2015 set a record in cross-border activity, with $22.2 billion invested across all property types.