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Property pricing declines for 8th consecutive month in Ten-X CRE ‘Nowcast’

Apartment pricing growth reaches its weakest level this cycle.

By Mary Salmonsen | Multifamily Execuative

Annual commercial real estate pricing fell to a new low in December, according to the newest CRE Nowcast monthly pricing index by online commercial real estate marketplace Ten-X Commercial. Commercial pricing fell by 0.3% from November, marking the eighth consecutive month of decline and the lowest pricing-point growth in this cycle. The pricing gauge is now just 1.0% higher than it was one year ago.

“Despite positive economic news and a new tax law that should benefit CRE, investor sentiment has been quite weak, leading to a startling eighth straight month of pricing contraction for the sector,” says Peter Muoio, chief economist at Ten-X.

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January 8, 2018

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Property pricing declines for 8th consecutive month in Ten-X CRE ‘Nowcast’

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