By Eliot Brown | Wall Street Journal
U.S. commercial property values have been nothing if not consistent in the past half-decade, steadily ticking upward.
Real estate research firm Green Street Advisors reported Tuesday that commercial property values in March were 11% above March 2014, and unchanged from February. In all, values have now risen 87% since they bottomed out in 2009, and more than 14% from the prior peak in 2007, according to Green Street’s index.
Looking ahead, many expect more growth unless something should change with the broader economy.
Given the low-interest rate environment and “debt capital that is freely available,” said Peter Rothemund, an analyst at Green Street, “you have a recipe for further property appreciation.”
