U.S. commercial property pricing continued to fall in May, according to MSCI Real Assets, with all major property sectors posting steeper annual declines than the previous month. The RCA CPPI National All-Property Index dropped 11.2% from a year ago and 1.2% from April – marking the largest annual decline for the composite index since May 2010.
MSCI Real Assets noted that “significant challenges with financing deals and credit availability for investors have weighed on pricing and deal activity” resulting in investment volume dipping to its lowest level over the past decade during first five months of 2021 alone . The apartment sector posted the largest drop at 12
