National + Finance | August 26, 2021

RCA: Annual Price Gains Grow Across Major Property Types

All four major property types posted larger prices gains nationally in July compared to June, Real Capital Analytics said Thursday. The analytics firm’s CPPI grew 11.8% over the past year and 1.2% over the previous month.

Retail and office sector pricing posted significant annual price jumps, with retail up 7.5% year-over-year in July and office up 8.8% Y-O-Y, driven by 11.7% growth in suburban office pricing. However, apartments led the way with 13.5% annual growth and 1.66% monthly growth.

The price index for industrial properties rose 11.8% Y-O-Y in July, according to RCA. Since April, monthly price growth for the sector has stagnated at 1.1%. “Still, this price index has been resilient throughout the pandemic, never dropping below a 9% annual rate of growth,” RCA reported.

Prices in the non-major metros areas rose 11.5% Y-O-Y, the fastest rate of growth since 2006. In the six major metros, prices climbed 9.6%.

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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 GlobeSt.com 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).