By Real Capital Analytics on February 11th, 2021
The key rate of global commercial property price growth ticked up to 3.1% in the final quarter of 2020, a pace higher than that seen for most of the year but lower than the price gains seen before the Covid-19 pandemic, the latest RCA CPPI Global Cities report shows.
Just two of the 18 cities that comprise the RCA CPPI Global Cities Composite Index posted significant annual declines in Q4 2020. Prices of office, industrial and retail properties in both London and in Hong Kong fell by 7.7% year-over-year.
Amsterdam was the leader for price gains globally, with the commercial index gaining 20.0% in the fourth quarter. In the U.S., Boston led with an annual increase of 14.4% year-over-year. The New York metro area posted a gain due to price increases in the suburbs while the Manhattan index logged a sharp decline.
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