Commercial Real Estate Pricing Growth Expands Into Secondary Markets
CoStar’s CCRSI index show strong pricing gains across all commercial real estate segments for September 2012. Third quarter commercial real estate transactions closed with with strong pricing gains.
CoStar’s two broadest indexes that measure aggregate pricing movement for commercial real estate properties, the CCRSI’s U.S. Value-Weighted Composite Index and the U.S. Equal-Weighted Composite Index, posted significant gains in September 2012. The U.S. Equal-Weighted Composite Index increased 9.7% and the value-weighted index rose 8.2%, on a year-over-year basis.
Both the the investment grade and general commercial real estate indexes showed broad gains. The Investment grade index was up 15.4% from a year earlier. Pricing is reaching levels not seen in the last four years.
At the link is the full article written by Tim Trainor of CoStar News.
CoStar News – Article – CRE Pricing Growth Accelerates Beyond Multifamily Sector Expanding Into Secondary Markets