Tentative Increase Comes With Potential for a Decline, CoStar Report Finds
U.S. commercial property prices bounced back in May after a sustained decline, potentially signaling the start of a bottoming market that property professionals have said they are looking for in the next year.
The uptick in property sale prices would have to overcome an increase in vacancy rates to achieve such a leveling of price declines, according to CoStar Group’s Commercial Repeat-Sale Indices. The indicator tracks when a previously sold property trades hands again in a process called a repeat sale.
The U.S. composite price indices report showed a significant increase in repeat sales, jumping from 1,041 in April to 1,207 in May..RSK: Seems like there is a lot of money out there to be invested...chasing deals other than office.
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- - Volume: 24 - WEEK: 28 Date: 7/9/2024 7:51:04 AM -