National CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
RCA: July CPPI Shows Continuing Slowdown in Annual Price Gains
The pace of annual price growth across all major U.S. commercial property types slipped in July, though most indexes still showed double-digit gains, according to MSCI Real Capital Analytics. The RCA CPPI National All-Property Index rose 16.8% from a year ago, marking a continued slowdown from record rates seen at the start of 2022. The index rose 0.9% in July from June.
Price growth has eased as investors become more hesitant in the face of challenges such as rising interest and mortgage rates, and concerns over the chances of a recession, RCA says.
Office managed annual price growth of 8.2%, while retail increased 17.7% year over year, reflecting the fifth consecutive month of slowing growth.
The industrial sector index outpaced all others with an annual growth rate of 24.4%. However, this pace marked a retreat from nearly 27% earlier in 2022. The annual price increase for apartments dipped to 20.9%.
- ◦Sale/Acquisition
