All commercial property sectors in the U.S. posted annual price declines in July, according to MSCI Real Assets, as deal activity dropped to its lowest level since the start of the pandemic early 2020. The RCA CPPI National All-Property Index decreased 9.6% year-over-year and rose 0.3% from June’s figures.
Apartment properties saw a 12.2% annual decline – though this index remains 21% higher than April 2020 when COVID first impacted pricing – while retail prices fell 8
About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.
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