CRE Prices Continue To Rise, Led By Apartments, Industrial and Office Sectors
According to a report by Real Capital Analytics, commercial property assets continued to rise into June. The National All-Property Index grew 9.8% in June compared with 2020 June and was also up 0.8% from May. Suburban office prices posted a 7.7% growth in June. In June, the industrial sector buildings were up 9.8% year over year. And finally, Apartments saw a huge growth, with over 12% in June 2021. Florida saw prices in most sectors rise more than 10% year-over-year in June. RCA reports that U.S. Commercial property prices have been making a slow recovery, with it beginning to pick up at the close of Q2.
You May Like
Naples Design District wants your opinion
Local News: Naples Design District wants your opinion! Naples is reaching out to residents, property owners, and business owners to hear their opinions on what they envision for the future of its Design District. So far, the city has gotten input from roughly 1,500 people. However, the city does not
TCG'S Closed Transactions for September 2021
SALE: GCBB Real Estate Partners, LLC: 4,693± SF at 12205 Metro Pkwy, Fort Myers from DB 12195 Metro Investments, LLC for $1,100,000. (Kim Daugherty, TCG) Dwayne Berman, LLC: 22,109± SF at 12205 & 12195 Metro Pkwy, Fort Myers from First Horizon Bank for $3,150,000. (Kim Daugherty, Tony Mangione, Tim Schneider,
Tenant Spotlight: Health & Wealth Co.
In this edition of Tenant Spotlight, we would like to highlight a new tenant that has recently moved onto 5th avenue: Health & Wealth Co. Darren Moore, an advisor at TCG, was the tenant rep. broker that landed Health & Wealth Co. on 5th avenue. Just this past Tuesday, they