By Elizabeth Szep on April 26th, 2018
The US National All-Property Index rose 0.7% in March from a month ago and climbed 8.5% from a year prior, the latest RCA CPPI summary report shows. Industrial properties led the monthly price gains, while CBD office prices edged down.
CBD office prices registered a 0.1% decline for the month and prices are down 0.5% for the quarter. Despite that, prices are still positive compared with a year earlier, up 3.1%.
Price growth for the apartment and industrial sectors continues to lead the pack. Industrial properties remain a favorite among investors and a recent resurgence in apartment deal volume has helped push prices to new highs.
The transaction volume of apartment properties jumped 25% in the first quarter from a year earlier, as shown in the current edition of US Capital Trends, also released this week. Total transaction activity across the property types increased in Q1’18, ending a five-quarter run of declines.
Suburban office monthly price growth eclipsed apartment growth in March, increasing 0.7%. Monthly price growth for suburban offices has been accelerating since the start of Q4’17, and prices for suburban offices are up 5.0% YOY.
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