Commercial property prices benefited from renewed investor confidence in the second quarter, and pricing growth for Q2 reflects that, CoStar Group said Friday. Both of CoStar’s composite Commercial Repeat Sale Indices were up as Q2 ended, following a Q1 that reflected a slowdown, with pricing seeing gains of nearly 2% across all four major property types in the most recent quarter.
The value-weighted US Composite Index, which is influenced by the sale of high-quality, larger assets, advanced by 3.3% from the previous quarter. Meanwhile, the equal-weighted US Composite Index, which includes the more numerous sales of smaller properties, rose 2.1% in Q2.
Read more...Price Growth Regains Speed in Q2 | GlobeSt.com