Investment activity in the United States has improved markedly over the last year. But the rise in transaction volume and in pricing metrics remains heavily concentrated in major markets’ prime assets. According to the Moody’s/REAL Commercial Property Price Index (CPPI), a repeat-sale transaction price index based on data from Real Capital, prices across the “6-City Trophy” group of major markets—including New York, Washington, DC, San Francisco, Los Angeles, Chicago and Boston—jumped by 7% in December 2010 and are now 32% above their December 2009 lows.

To read the complete USD edition of Global Currents, please click here (PDF: 1.3 MB).

To read the complete Euro edition of Global Currents, please click here (PDF: 1.3 MB).