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Investment sales down this year

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In the first nine months of the year, $18.7 billion in buildings and building portfolios traded, compared to $42.2 billion during the same time last year, according to Cushman & Wakefield’s statistics for deals of at least $10 million. Class A office space made up for 55 percent of investment deals this year, a number that is expected to dwindle in 2009 because of the credit and foreign markets drying up. The Real Deal looked at the investment sales market in its November issue.