Now Available: CBA'S Q2 2023 CMA Sales Overview and Full Research Report

Aug 11, 2023

Despite ongoing market correction, there were small signs of life as some green shoots began to emerge in the commercial property sales market.
Summary Highlights from Q2 2023:
  • Quarter-to-quarter sales velocity and volume trended upward for the first time since Q3 2021.
  • Four of five major asset classes increased transaction counts.
  • Three of five major asset classes increased dollar volume.
  • Overall, aggregate numbers are still a long way from their last peaks, with velocity down 45% from Q4 2021 and volume down 80% from Q3 2021.
  • Market activity was still dominated by sales of smaller, non-institutional grade properties due to volatility in capital markets and uncertainty in the overall economy.

CBA's Commercial Market Analysis (CMA)Sales Report analyzes quarterly economic and commercial real estate sales activity and trends at the market and submarket levels. We are pleased to offer this detailed analysis and report for your use and interpretation. This report compares same-month and quarterly numbers by asset class and Washington’s six largest counties from 2022 through 2023.



Click below to read the full detailed full research report and data.  



For questions about the report, please contact Binh Truong, Director of Market Data and Business Development, at or 425-952-2727.