Although sales of large, core-like assets have pushed commercial property pricing back to pre-recession levels last seen in 2007 in some markets, investors have also been going farther out on a limb with regard to risk. Those are two of the key takeaways from this month's CoStar Commercial Repeat Sale Indices, which found a 9.7% year-over-year increase in the US Composite Index. On a value-weighted basis, the US composite is up 59% over the trough.
CoStar Group notes that broad gains across all of the property sectors over the 12 months ended June 30 demonstrate “the extent of the recovery in commercial real estate prices.” Drilling down, the firm notes that pricing in the overall market has increased more rapidly than in the CCRSIs for prime markets over the past year.
Read more...CRE Prices Show Broad-Based Gains - Daily News Article - GlobeSt.com
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