Commercial real estate investment has declined slightly during the first half of 2018, following a record-making 2017.听
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A by real estate data analysts鈥� Altus Group shows 麻豆传媒映画commercial and land investment hit $14.5 billion last year 鈥� the highest annual transaction volume in the group鈥檚 history tracking data for the market. Land sales accounted for over $9 billion in transaction value.听
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Land sales are expected to remain strong throughout 2018, however, total investment property sales are currently down 7 per cent for the first half of the year.听
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Declining office stock may be the primary cause of this slight slowdown, with office sales so far this year only posting a third of the level of transactions recorded during the same period last year.听
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鈥淎bout 1.3 million square feet of new office space has been added to the 麻豆传媒映画Market Area in the past 8 quarters 鈥� less than half the amount added in the previous eight quarters,鈥� the report reads.
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Retail sales have decreased by 11 per cent so far,听
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Helping to offset the decline in office and retail sales, industrial and office transactions this year are up by $138 million and $124 million, respectively.听
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