Pricing for "average" commercial properties outperformed institutional-grade assets while price gains in secondary U.S. markets eclipsed the top markets as buyers of commercial real estate increasingly expanded investment activity outside the handful of prime markets and core properties during the second quarter, according to the midyear CoStar Commercial Repeat Sale Indices (CCRSI) release.
The gains in the CCRSI's repeat sale index are an inversion of trends earlier in the economic recovery when the best properties in primary markets dominated commercial real estate investment activity, signifying a further broadening and deepening in CRE fundamentals and property prices across the nation and among all product types.
Read more...CoStar Repeat-Sale Index Shows Midyear Surge in CRE Pricing - CoStar Group
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