Is the CRE Market Beginning to Soften?
ByTwo events coming in Scottsdale. Register for RealShare PHOENIX METRO and RealShare HEALTHCARE REAL ESTATE on December 2-3.
Muoio: “This could just be the market taking a bit of a breather from its strong run-up.”
IRVINE, CA—Auction.com’s first CRE Nowcast, a pricing index that combines the firm’s proprietary transaction database, Google Trends data and investor surveys to forecast CRE pricing trends in real time, shows that October commercial valuations saw the smallest increase in nearly five years. The index also showed that prices declined in two of the five property segments studied.
However, the news is not all gloom and doom. Three property segments saw valuations in the month, with officegrowing by 50 basis points, industrial by 200 basis points and hotels by 120 basis points, according to the new pricing index. Retail valuations were off slightly, down 20 basis points, while apartments was the weakest of all sectors, down 250 basis points…
