Commercial property sales fell 16% year over year to $39.4 billion in April, snapping 13 straight months of rising sales, according to MSCI Real Assets.
The drop comes after sales rose 57% year over year in March.
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The commercial real estate market has begun to cool amid higher interest rates and prices. So reports GlobeSt.com.
Commercial property sales fell 16% year over year to $39.4 billion in April, snapping 13 straight months of rising sales, according to MSCI Real Assets.
The drop comes after sales rose 57% year over year in March.