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