Volume

Single-tenant industrial sales volume versus average cap rates, updated quarterly.

Single-tenant retail sales volume versus average cap rates, updated quarterly.

U.S. volume based on properties and portfolio sales of $2.5 million and greater, updated quarterly.

Average cap rates continued to fall, ending the quarter at 6.5 percent—a 4 basis-point drop from mid-year, and 9 basis points down from this time last year.

After bottoming out at 6.1 percent at mid-year, rates have seen noticeable increases during the last two quarters, ending the year at 6.32 percent.

While private investors again did most of the acquiring last year, foreign entities (mostly Canadian) accelerated their purchasing of U.S. commercial real estate.

Of the total $562 billion of commercial real estate trades last year, 30 percent were portfolio- and entity-level deals―the most transacted since 2007.

Single-tenant retail sales volume versus average cap rates, updated quarterly.

During the third quarter of 2018, single-tenant deals were down 11 percent, reflecting a considerable drop in store-related transactions, a small reduction in office deals and an increase in industrial deals.

Sizeable portfolio buys and M&A activity pushed overall transaction volume to a remarkable $29.8 billion in the third quarter, according to Real Capital Analytics.

Real Capital Analytics data shows that transaction volume in the third quarter jumped almost 25 percent to $143.5 billion over the previous quarter.

In the second quarter of 2018, the sector experienced the most investment growth of the major single-tenant categories, according to Real Capital Analytics data.