Capping off what’s looking to be a robust first half of 2022 for commercial real estate deal flow, at least one major firm is betting on a continued strong outlook for the rest of the year.
London-based PricewaterhouseCoopers LLP this week found, in the first three months of 2022, total volume in the U.S. was up 68% compared to the same period for 2021, reaching $172 billion. With Thursday being the final day of the second quarter, Q2 data isn’t complete yet, but early indicators suggest transaction volume held up, amid surging interest rates and new questions about the broader economy.
Retail and hospitality have rebounded strongly in 2022, with transaction volume in Q1 2022 for retail up 104% on an annual basis and hospitality deal volume volume up 101% in that same time period.
*Article courtesy of Philadelphia Business Journal
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