Commercial Property Appreciation Increases for Five Consecutive Months: CoStar
Originally published on September 15, 2021, by Michael Tucker for Mortgage Bankers Association.
Commercial property prices just keep increasing, according to reports from CoStar, Washington, D.C. and Green Street, Newport Beach, Calif.
CoStar said its Composite Price Indexes continue to post “steady” gains, with values rising across all segment slices.
Values rose in both the investment-grade and the general commercial segments, CoStar reported. Its equal-weighted index, which tracks lower-priced but more numerous property sales typically seen in secondary and tertiary markets, rose for the fifth straight month in July, increasing 0.8 percent during the month. Pricing in the value-weighted index, which is more heavily influenced by high-value trades, rose once again to a new record. That index rose 1.4 percent in July.