West Sees Largest Investment Decline in 1Q
- Jul 19, 2017
Investors in U.S. commercial real estate were more cautious in the first quarter of 2017 than they were at the end of 2016, with transaction volume hitting $96.8 billion as of May 31, 2017, down from $134.1 billion in fourth-quarter 2016, according to Real Capital Analytics data. All regions of the U.S. saw a decline in investment, with the West and Southwest regions seeing the greatest decreases. Investment in the West declined from $39 billion in fourth-quarter 2016 to $26 billion in first-quarter 2017, while Southwest investment declined from $23.6 billion to $14.5 billion over the same period. Despite this slowdown, many industry participants believe investment will pick back up later on this year.