By Wyatt Avery on August 22nd, 2019
Price increases in the industrial sector shored up U.S. commercial property price growth in July, the latest RCA CPPI summary report shows. The US National All-Property Index rose 6.3% YOY, close to the annual gains posted throughout 2019, even as transaction volume fell sharply in July. Prices rose 0.7% from June.
As reported in the latest edition of US Capital Trends, also released this week, sales volume fell 21% YOY in July. This was the steepest drop of the year so far and came after three months of increasing activity.
Industrial was the only property type that posted accelerating price growth in July, up to 12.8% YOY. However, on the month the industrial index rose only 0.5%, its slowest monthly gain of 2019.
Price increases in the apartment sector slowed to 6.5% YOY in July, close to the pace of the all-types index. For most of 2018 apartment prices were growing faster than 10% YOY.
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 customer you can access RCA CPPI reports and run your own pricing analysis on the client-only RCA website.
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