Sales of commercial real estate have slowed dramatically during the pandemic. According to data recently released by CoStar, transactions volumes in the three months through July are 69% below the comparable period last year. The dropoff has been more pronounced among investment grade properties, with transactions down 76% from last year. Activity also weakened in the general commercial portion of the market, with sales volumes 51% lower than a year ago. These low transactions volumes reflect in part uncertainty about the outlook for the economy and commercial real estate, at least until the virus is brought more completely under control.