The first half of 2017 was the best start to the year in the last decade, with sales totalling $2.2 B. Prior to that, the previous high was set in H1 2014 at $2.0 B.
The number of transactions remained stable since H1 2016 in the office, industrial and retail sectors; however, the price per square foot increased in all three sectors, for all transaction sizes1.
The number of transactions increased by 26.2% year-over-year, since H1 2016. Still, this expansion was almost solely due to sales of less than $10 M.
Foreign investments are gaining market share. In 2016, 24 transactions were closed by foreign investors, totalling $420.0 M. In the first half of 2017, 19 transactions have already closed with foreign capital for a total of $196.0 M.