Sales volume continues to accelerate across North America with impressive Q3 numbers. Record quarterly volume in the U.S. was led by multifamily and industrial, though office is making a comeback. In Q3, U.S. investors traded US$179.4 billion. Total volume in the U.S. is on pace to set a new all-time high in 2021. The Canadian markets are lagging comparatively but are in full recovery mode. Canadian volume increased 181% over year-ago figures, with CAD$10.1 billion in assets traded. Cap rate compression continues, and pricing has increased nearly across the board.
Download the Q3 2021 North America Market Snapshot.