Office Sales Dropped Off in January on Market Volatility, But Are Expected to Pick Up Pace
Market volatility in the fourth quarter of 2018 led to a sharp drop-off in investment sales in the office sector in January, according to the most recent report from research firm Real Capital Analytics (RCA). Office sales volume declined by 29 percent year-over-year, to $7.8 billion.
According to RCA researchers, “Investors became more cautious for a time, with the yield on corporate bonds growing faster than that for the 10-year U.S. Treasuries. Increased investor caution will lead to fewer deals being completed. Thankfully though, that turmoil and growing sense of investor caution has eased so far in first quarter 2019.”