U.S. commercial property prices are nearing the end of the year on a hot streak in some categories not seen since 2022.The November CoStar Commercial Repeat Sale Indices report indicated multiple positive trends of back-to-back monthly growth that could bode well for markets heading into next year.
The CCRSI value-weighted U.S. composite index, a measure of mostly high-dollar trades common in major cities, rose 1.3% over October, the fourth consecutive monthly increase. The last string of growth for four months in a row occurred from April to July 2022.
The index is still down 2.5% in the 12-month period ended in November compared to the prior year. However, the speed of decline is decelerating. For example, the index lost 12.4% of its value from July 2023 to July 2024...
RSK: WIll it continue? A lot depends on inflation and interest rates. Right now it seems people are taking short term interest rates for financing in hopes that further rate cuts are in the near future. Rumor has it that the next rate cut will be in October.
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- - Volume: 25 - WEEK: 3 Date: 1/14/2025 4:38:23 PM -