RCA Report Shows US Prices Rose in September
Commercial real estate prices rose in September, according to the latest research from RCA. The New York-based firm’s CPPI summary report, shows the US National All-Property index gained 1% from a month earlier, and is up 7.5% from a year ago.
RCA’s Elizabeth Szep notes prices have risen 1% or more over the past four months, while overall deal activity has dipped. Deal volume for the year through Q3 2017 is down 7% versus the same period in 2016.
Apartment prices grew the most in September, up 1.1% from August. Retail posted the slowest growth, edging up 0.1%. This continues a trend of tepid interest in the retail sector, with deal activity the second weakest among the property types this year.
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