By Real Capital Analytics on November 14th, 2019
The pace of global commercial property price growth slowed further in the third quarter of 2019, reined in by weaker growth among metros in Europe and Asia, the latest RCA CPPI Global Cities report shows. The Global Cities Composite rose 4.3% from a year earlier, down from 6.4% at the start of 2019.
Annual price growth among the North American metros held at 6.7% in the third quarter, little changed over the course of 2019. For Europe, the composite price index slowed to a 4.2% year-over-year increase and the Asia Pacific index weakened to 2.0%, the slowest rate of annual growth since 2010.
Prices for commercial properties in Boston grew the fastest in the third quarter, followed by Toronto and the German A Cities. Four metros posted outright declines; the steepest was troubled Hong Kong, where commercial prices dropped 2.6% from a year ago.
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