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Fourth-Quarter Property Sales Post Worst Slowdown Since the Great Recession

Marked Drop in Transactions Could Carry Into 2023, Executives Say
The later part of 2022 had far fewer large sales than the first half of the year, when deals such as the $261 million sale of 55 Corporate Drive in Bridgewater, New Jersey, were more common. (James Hooker/CoStar)
The later part of 2022 had far fewer large sales than the first half of the year, when deals such as the $261 million sale of 55 Corporate Drive in Bridgewater, New Jersey, were more common. (James Hooker/CoStar)
CoStar News
January 9, 2023 | 12:54 AM

U.S. property sales for the fourth quarter, usually the most active part of the year, are shaping up to be among the worst on a percentage basis since the country was in the throes of the Great Recession.

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