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National  + Retail  | 

CREXi Reports Month-to-Month Gains in Asking Prices

Average asking prices for new assets in October rose 4.9% per square foot from September, marking six consecutive months of pricing growth on CREXi’s for-sale platform. Retail pricing was the standout, enjoying its third consecutive month of pricing increases and sixth consecutive month of occupancy growth to hit an average of 86.4% occupancy in October, according to CREXi.

“Retail continues to enjoy pricing growth thanks to the standout resilience of its fundamentals and continued positive signs in consumer spending,” said Shanti Ryle, senior content marketing manager at CREXi. “Investors may also be having an easier time finding financing options for retail assets compared to other sectors, motivating increased demand and improving transaction velocity.”

Multifamily asset pricing rose 4.27% month-over-month. Industrial’s average price per square foot moved down a slight 2.37%, while all remaining core asset types experienced modest monthly growth.

Ryle said, “Industrial was the only asset type that experienced corrections last month, likely due to continued over-delivery hitting the market diluting demand. We observed over 19% more industrial assets hit the market in October compared to the previous month, with the slightest (less than 0.5%) drop in occupancy between the two periods.”


Inside The Story


About Paul Bubny

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. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition