Real Capital Analytics’ US National All-Property Index rose 6.9% year-over-year in January, climbing back to near the growth rates seen for much of 2019, prior to the pandemic. The index of pricing increases rose 1.2% in January from December, nearly 100 basis points higher than the pace of a year ago.
Although industrial predictably led the way with 8.3% year-over-year growth in pricing, office was the comeback kid among property types, posting 3.3% Y-O-Y gains after showing no growth as recently as August. The gains were all in the suburban office sector, though, wih prices on CBD properties down 0.8% Y-O-Y as of January.
Multifamily prices increased almost on par with the National All-Types index, up 6.8% in January over the previous year. The retail index was once again the worst performing and the only sector posting a declining annual pace, down 1.8% Y-O-Y.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.