RCA Insights

US Prices Rise 1.2% in October, RCA CPPI Report Shows

By on November 22nd, 2017

U.S. commercial real estate prices rose in October, registering the fifth consecutive month of growth above 1.0%, the latest RCA CPPI summary report shows. The US National All-Property Index gained 1.2% from a month earlier and 8.4% from a year ago.

Monthly price increases have been steady at 1.0% or greater since June, following smaller gains earlier in the year. While price growth has been consistent, deal volume in the U.S. has not. The latest edition of US Capital Trends shows that total transaction volume for all property types fell again in October, logging the largest year-over-year decline since January. This falloff in deal volume alongside price growth is indicative of a pullback in assets being brought to the market.

The industrial sector showed the largest year-over-year price increase in October. The index grew 9.9%, year-over-year nipping ahead of the apartment index which grew 9.8%. Price growth for apartments has been the greatest among the property types for the majority of 2017.

1711 US CPPI

 

To learn more about the RCA CPPI (Commercial Property Price Indices) and to sign up for reports visit rcanalytics.comIf you are an RCA client you can access RCA CPPI reports and conduct your own pricing analysis on the RCA website.