Failed CRE Deals Continue to Rise Amid Pandemic | GlobeSt
 
Analysis

Failed CRE Deals Continue to Rise Amid Pandemic

The number of terminated contract deals as a percentage of closed transactions has risen from 2.1% in April to 2.9% in May—seven times the average percentage of deals falling through between 2015 and 2019.

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Real estate deals are collapsing across the country as a result of the Covid-19 pandemic. That’s according to a new report by Real Capital Analytics, which says the percentage of deals falling out of contract in US,  European and Asian markets have jumped in recent months, while at the same time the total number of completed deals in those areas have sunk as well.

Max Mitchell

Max Mitchell is a reporter with The Legal Intelligencer, focusing on litigation in Pennsylvania with a specific emphasis on Philadelphia courts. Follow him on Twitter @MMitchellTLI. His email is mmitchell@alm.com.

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