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.