Real Estate Sales up 45% YOY
According to the Real Capital Analytics, Inc. first quarter report, prices are up, sales volume is up, lenders are lending, and investors are buying. Offices and apartments both reached the $33 billion mark in sales with the industrial sector up 95% year over year. Portfolio and entity-level transactions accounted for almost 37% of the sales volume. Commercial property prices are up across all property types, though suburban office properties still have yet to recover to pre-recession levels. In the last 12 months, 319 commercial deals closed in Portland, totaling $4,578,000 dollars in sales volume.