Economy Watch: Commercial Property Valuations Gain in April
April 28, 2017 | by Dees Stribling | Commercial Executive Property
The commercial real estate industry saw its strongest price growth since the election, according to Ten-X’s latest Commercial Real Estate Nowcast. CRE pricing has risen 9.6 percent in the last 12 months, the strongest annual growth rate since early 2016.
Commercial real estate valuations nationwide grew by an average of 1 percent during April, representing the industry’s strongest price growth since the election in November, according to Ten-X’s latest Commercial Real Estate Nowcast. The monthly uptick comes after generally tepid growth in valuation during the months after the election, including a 0.5 percent increase in March.
The report also noted that CRE pricing has now risen 9.6 percent over the last 12 months, which is the strongest rate of annual growth since early 2016.
