CRELive TeamNo surprises here...
In the US, the transaction volume for office buildings and hotels dropped 79% in May compared to a year earlier according to Real Capital Analytics.
Transactions fell to $9.8B which was a 11% drop compared to April and the lowest level since 2010.
Hotel deals in particular dropped by 95% compared to the same time last year.
Retail deals dropped by 83%.
#Covid19 #Economy #Trends #Hotel #Office #Retail #RCA #Volume