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San Francisco Dominates Global Price Growth Rankings, Los Angeles No. 4

Two California markets claimed spots among the top four on Real Capital Analytics’ (RCA) global price growth rankings. North America posted the strongest price growth in Q2 2019, with the composite index for the region gaining 6% year-over-year in Q2 2019 and up 1.4% for the quarter. Global price growth slowed to 4.4% in Q2.

San Francisco led the rankings by a wide margin, with commercial property prices up 14.6% year-over-year in Q2 2019. Though expensive, investors still are finding tech sector-driven opportunities in San Francisco.

RCA wrote in the report, “San Francisco stands out a mile as the best performing market over the last 12 months. The tech sector continues to act as magnet for capital, despite the fact prices are nearly three times higher than their low point in 2010.”

Los Angeles fell in behind Amsterdam and Boston, at No. 4 on the list, reporting price growth of 10% year-over-year in Q2 2019.

Commercial property prices fell on a quarterly basis in nine out of the 18 metros that make up the RCA Global Cities Index. RCA points out some markets may reverse course in the coming quarter, though the fact that so many metros posted declines is a warning sign. The last time 10 markets posted declines in prices was in 2010, in the aftermath of the Global Financial Crisis, notes RCA.

Price growth in the NYC Metro slowed to a pace of only 1.5% year-over-year growth. RCA says commercial prices in Manhattan have dragged down the metro area, as prices in the city have fallen 2.9% year-over-year. The D.C. Metro trailed the pack, one of only three global cities posting negative annual growth this quarter, down 4.8%, with 1.9% of that decline experienced this quarter.

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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.

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