February 23, 2018
New York-based Real Capital Analytics (RCA) released its latest CPPI summary report that shows U.S. commercial property prices climbed further in January even as transaction volume dipped. The US National All-Property Index rose 0.6% in January from December, and increased 8.1% from a year ago. Yet, the growth in commercial property prices does not mirror the trend in overall U.S. deal volume. Total transaction activity dipped 3% in January from a year earlier.
Apartment and industrial growth led the other major property types in January, continuing the trend from 2017. Apartment prices rose 0.9% from a month earlier, while industrial prices climbed 0.7% on the month.
RCA’s Elizabeth Szep notes a new trend is emerging in the office sector: price growth has paused for CBD offices, and suburban office price growth is picking up speed.
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