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Commonly Asked Questions about US Commercial Property Sales

Transaction Volume means the sum of total acquisitions, including land, development and redevelopment spend, new Developer Capital Program commitments, total dispositions and equity issuances, in each case at the Companys ownership share, if applicable, and during the Performance Period.
ing to the Federal Reserves April 2024 Financial Stability Report (PDF), the U.S. CRE market was valued at $22.5 trillion as of the fourth quarter of 2023, making it the fourth-largest asset market in the U.S. (following equities, residential real estate and Treasury securities).
In 2022, the volume of commercial real estate transactions docHubed 752 billion U.S. dollars, up from 427 billion U.S. dollars in 2020. One of the reasons for the surge was the pandemic and the release of pent-up demand as the economy reopened.
Despite a marginally improved outlook for interest rates, we expect transaction volume to remain subdued in the short term. Consequently, we anticipate that deal volume on the CrowdStreet Marketplace will also remain relatively low in H2 2024 compared to our historical volume.
A merchants average monthly transaction volume is calculated as the total number of transactions processed in a year divided by 12 months. If a merchant is launching a new business and doesnt have any processing history, the merchant may be asked to provide an estimate.
Key findings The total dollar volume of commercial real estate transactions was $647 billion in 2023, down from $1.14 trillion in 2022. Commercial property values are down 7% in the past 12 months, led by a 14% decline in office value.
Through the first quarter of 2024, cumulative CRE transaction volume continued its decline from 2021 and 2022 highs. The $31.6 billion transacted across the major property types through Q1 2024 was down 28% compared to the prior year (Q1 2024 vs Q1 2023).