Report: Commercial property values  now 14% above 2007 peak

commercial property values

commercial property valuesBy 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.”

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