CRE Pricing Marks Fastest Monthly Increase Since Pandemic’s Start via GlobeSt

While commercial property prices grew at the fastest rate since the beginning of the pandemic in November, the gains weren’t universal.

Real Capital Analytics’ National All-Property Index increased by 5.7% year-over-year in November, but it was the strong price gains in the apartment and industrial sectors that really drove those increases. Industrial prices climbed 9.5% in November, though deal volume is down 26% YOY in the sector, according to RCA. That is the shallowest drop among the major income-producing property types during the pandemic year.

Read more...CRE Pricing Marks Fastest Monthly Increase Since Pandemic’s Start via GlobeSt