By Real Capital Analytics on September 9th, 2020
Despite historic challenges to commercial real estate deal activity in 2020, prices in most leading North American metros continued to move higher in the second quarter of the year, according to the latest RCA CPPI Global Cities report.
New York metro area prices, which have lagged Manhattan price gains over the past decade, increased 9.0% from a year prior. Meanwhile Manhattan commercial prices posted a 6.2% year-over-year gain.
Los Angeles and San Francisco were the laggards at midyear. In San Francisco, prices for metro area office, retail and industrial properties fell 1.7% from a year prior, but are still up 171% over the past decade. Los Angeles commercial prices were flat in the second quarter from a year earlier; prices there have doubled in the past 10 years.
The RCA CPPI Global Cities report was released August 13. If you are interested in learning about RCA’s suite of more than 350 price indices, which provide direct comparability across markets and property types in 15 countries, please contact us.
If you are a current Real Capital Analytics client, log into the RCA website to download the latest RCA CPPI Global Cities report and conduct your own commercial property price analysis.
More pricing stories on RCA Insights: