2021 Q3 Market Report

• Year-to-date commercial sales dollar volume (excluding hotels) is up 48% compared to 2020, with most of the activity in Q2 and Q3.

• More importantly, sales dollar volume is only 2% below the pre-COVID 5-year average. By contrast, year-to-date total lease consideration is down 30% from the pre-COVID 5-year average.

• Whereas Q2 produced 100 lease transactions (the highest quarterly count in 5 years) Q3 produced just 49 transactions, 30% below the 5-year average.

• Mirroring the national trend, the South Coast’s industrial sector has seen stronger sales and leasing than office or retail property. Industrial space available for lease has decreased 53% yearto-date, while industrial sales have generated more than $60 million in volume.

Read the full 6 page report on the CRE market here.