Gains in four of the five property segments were enough to outweigh a 0.5 percent decline in the industrial pricing, according to Ten-X’s March Commercial Real Estate Nowcast.
Source: March 2018 Ten-X Commercial Real Estate Nowcast
U.S. commercial real estate prices rose 0.5 percent in March, according to the March 2018 Ten-X Commercial Real Estate Nowcast, which the company released March 30. The increase represents the index’s second consecutive monthly gain, but even so it stands only 0.7 percent higher than a year ago. The index combines Google Trends data, Ten-X Commercial’s proprietary transaction data, and investor surveys to estimate CRE pricing trends in real time, according to the company.
Gains in four of the five property segments, including hotel, office, apartment and retail were enough to outweigh a 0.5 percent decline in the industrial pricing. Hotel prices bounced back from two straight months of decline, climbing 1.6 percent in March, the strongest increase of any property segment.
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