U.S. Property Markets Still Robust but Approaching Top of Cycle
Commercial property transactions remained robust last year, if down from the historic level reached in 2015, with multifamily extending its lead as the preferred property type. In addition to strong property fundamentals, real estate capital markets continue to benefit from low interest rates, which reduce acquisition costs and render some alternative investments less compelling. The U.S. is also viewed as a safe haven and a relatively strong economy, encouraging demand from foreign buyers.