By Elizabeth Szep on August 1st, 2017
US commercial real estate prices rose in June, continuing their climb to new highs, the latest RCA CPPITM summary report shows. The US National All-Property Composite index rose 0.9% in June from a month earlier and climbed 7.9% from a year ago. Monthly growth in June is the second strongest so far this year, following May’s uptick.
Each property type index rose month-over-month in June. Apartments grew the most, at 1.9%, followed by retail, which grew 0.7%. Both sectors’ gains reverse the monthly declines posted earlier in the year. Office registered the most sluggish growth of 0.3%.
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