U.S. Commercial Property Deals Surge Past Forecasts, Surprising Analysts

Commercial real estate sales are showing signs of a rebound, with second-quarter U.S. deal volume climbing nearly 18% year-over-year — a sharper pickup than JPMorgan analysts had projected.

U.S. CRE sales totaled $38B in June, down 15.7% year-over-year, according to JPMorgan, citing MSCI Real Assets data. But excluding $887M in entity-level deals — such as REIT and private company acquisitions — property transactions actually rose 6% from a year earlier, the report said.

JPMorgan tracked $10B in entity sales in June 2024.

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RSK; Most of the sales are in the owner occupied area and not investors.