Cleveland’s investment market continued to show strong momentum as we approached the mid-year point. Total sales volume for the quarter was just over $190 million while the total year-to-date volume was approximately $350 million. Several trends have emerged during the year. One of the most interesting was the resurgence of sales activity in the retail sector. Although it was one of the most battered of all the property types during the economic downturn, it has surged back and represents 42 percent of the total sales volume. Another interesting trend is the large number of smaller transactions. During the first half of the year, 39 of the 56 total investment sales had a transfer price of $5 million or less.
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NAI Daus Investment 2nd Qtr 2014