Apartment, Office Properties Record Strongest CRE Pricing Recovery In 2011

costarFebruary 15, 2012

As Distress Eases Most Property Types Swing Upward In 2011, Despite Seasonal End-Of-The-Year Price Softening

Powered by continuing gains in apartments and growing momentum in the office sector, the CoStar Commercial Repeat Sale Indices (CCRSI) National Composite Index ended 2011 significantly above its cyclical low last March, despite a relatively flat fourth quarter for pricing.

CRE sale prices stalled a bit in December as heavy year-end trading kept pricing stable in the fourth quarter, a trend CoStar has observed in each of the past two years, according to this month’s release of the CCRSI, which tracks sale pair transaction data through Dec. 31. The National Composite Index ended 2011… Read more…

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