By Wyatt Avery on February 27th, 2020
Price gains for industrial and apartment properties led overall U.S. commercial property price growth in January, the latest RCA CPPI summary report shows. The US National All-Property Index rose 7.0% from a year earlier and 0.5% from December, in line with recent price growth.
Industrial prices rose the fastest of the property types, but at 10.7% this rate has slowed since the middle of last year. Apartment prices, on the other hand, have been gradually accelerating.
Office prices have been picking up steam, boosted by growth in both CBD and suburban geographies. Suburban office price price growth has been an on upswing since mid-2019.
U.S. commercial property investment activity was slightly weaker in January than that seen a year earlier, as reported in the latest edition of US Capital Trends, also released this week. Deal volume slipped 4% year-over-year, with only the industrial sector showing growth in activity. Hotel sector sales fell by 51%.
To learn more about the RCA CPPI (Commercial Property Price Indices) and to sign up for reports visit rcanalytics.com. If you are an RCA client you can access RCA CPPI and US Capital Trends reports and conduct your own pricing analysis on the RCA website.
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