California + Retail | February 19, 2019

RCA Report: Global Cities Price Growth Slows in 2018

Global commercial real estate gateway cities continued to experience slowing in annual price growth. New research by Real Capital Analytics (RCA) shows a fourth consecutive quarter of the deceleration trend. The Global Cities Composite of the RCA CPPI rose 6.1% in the fourth quarter from a year prior, down from a 10.6% pace at the end of 2017.

RCA’s Elizabeth Szep writes, “Boston, Washington D.C. and Toronto all registered modest price declines in 2018, and the pace of growth slowed in nearly every other American market compared to 2017. San Francisco is still posting annual gains in the double digits, but again this is a slower pace than last year. The trend of price softening in North American gateway cities has been ongoing since mid-2017.”

Price growth in European markets continues to cool, amidst political uncertainty and concerns about slowing economic growth. The pace of price growth in Asia Pacific cities is still well above the Americas or Europe, but Szep also points out increases have been slowing throughout 2018.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.