While so much of the focus has been placed on the increasing amount of large commercial real estate sales taking place, sales of smaller commercial real estate are also reaching record levels.
According to a report released earlier this month by Boxwood Means, the number of commercial properties valued under $5 million that changed hands during the first half of the year did so at a record level. Statistics showed that sales of these smaller assets grew 14.4 percent during the first half of 2015 over 2014 totals. Furthermore, sales activity is moving at the fastest pace the market has seen since 2005. As a result, the report noted that 2015 sales of smaller properties should easily eclipse last year’s record total volume of $81.1 billion. […]