The first three quarters of 2021 set a record for commercial property sales activity while prices also reached new highs. A lot of uncertainty still hangs over the office and retail markets, while a full recovery in the hotel business could be years away. But purchases of apartment buildings, life-science labs and industrial properties helped propel commercial sales for the first nine months of this year to $462.1 billion, up 10% from the same nine-month period in 2019.