Multifamily developments once again topped the list of priciest commercial real estate deals in 2019.
Six of the top 10 most expensive transactions last year were apartment complex sales, mostly with out-of-state real estate investors, which has been typical the past few years and suggests the Capital Region market is attractive to investors.
Four of the properties are less than 20 years old, while the other two were built in the 1970s. Besides apartment complexes, out-of-state investors also scooped up two area retail shopping centers. For a second consecutive year, no office building deals made the top 10 list, and for the first time in several years, no medical buildings made the list.
Check out the top 10 list from the latest edition of Business Report.