Commercial real estate sales in the U.S. jumped in 2021 with investors moving to snap up warehouses, apartment buildings, hotels and resorts, according to a report from Real Capital Analytics.
The report said commercial property sales hit a record-breaking $809 billion last year, almost double that of 2020’s total sales.
“Everything’s lining up for another strong year,” Carly Tripp, head of real estate investments for Nuveen, a global investment manager, said to the Wall Street Journal.
Higher interest rates could prove the only pressing threat to another record year, analysts said.
Regardless, investors see another strong year for warehouses