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National  + Global  + Finance  | 

Pricing Growth Accelerates Globally in Q3: RCA

Global commercial real estate price growth accelerated in the third quarter of 2021, with Asia Pacific leading gains, the latest RCA CPPI Global Cities report shows. 

The RCA CPPI Global Cities Composite Index climbed 7.3% year-over-year in Q3, up from the 6.1% Y-O-Y pace seen Iin Q2 and the 2.5% rate seen in Q3 2020 amid the pandemic’s challenges. 

The headline composite index for Asia Pacific rose 11.6% Y-O-Y, reflecting in part the dip in the region’s prices in the year-ago period. Seoul led price growth, slightly ahead of Melbourne. 

In the Americas, the composite index for the region rose 7.4% Y-O-Y. The Los Angeles metro area saw the fastest growth among the seven North American metros tracked. 

The composite index for European cities gained 3.5% from a year prior, a small uptick from the price increases seen in Q2. 


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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
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