RCA Insights

Global Property Price Growth Eases in Q1

By on May 16th, 2019

Global commercial property price growth continued to ease in the first quarter of  2019, adjusting down from the double-digit annual growth rates seen as recently as a year ago, the latest RCA CPPI Global Cities report shows. The slowing in price growth was not uniform across regions or cities, with the sharpest deceleration seen in the Asia Pacific region.

Price growth was still robust across several of the metro areas analyzed in the report, with three posting increases at or greater than 10% year-over-year in the first quarter. Sydney and Boston posted declines from year ago. While prices in the New York and London metros increased, prices in their central markets slipped.

1905 Global Cities overview MAIN_300-01

If you are a current RCA client, log into the RCA website to download RCA CPPI Global Cities. Not yet an RCA client? Contact us.

Also on RCA Insights:

Global Commercial Real Estate Activity Sags in Q1

US Price Growth Slows in March as Deal Volume Slips

Jim Costello

Jim Costello

Senior Vice President
jcostello@rcanalytics.com

Jim Costello has worked in the CRE space on issues of urban economics since 1990, including a 20-year stint at Torto Wheaton Research. Jim expanded the reach of the Torto Wheaton Research team developing forecasts of global market fundamentals. He also developed approaches to pair the forecast results with frameworks to answer investor questions on asset values and relative investment opportunities.

In the aftermath of the Global Financial Crisis, Jim provided advice to the Treasury Department and helped educate these professionals on commercial real estate performance. Jim is a member of the Commercial Board of Governors of the Mortgage Bankers Administration, where he helps policy makers understand the commercial real estate industry.

Jim is expanding the capabilities of the Real Capital Analytics team on issues of real estate market dynamics. Jim has a master’s degree in economics and is a member of the Counselors of Real Estate.