CRE Prices See First Dip in 6 Years, Says Moody’s
By
Tad Philipp, Director of CRE Research, Moody’s
Moody’s/RCA’s latest report on U.S. commercial real estate prices revealed that its Commercial Property Price Indices‘ (CPPI) national all-property composite index declined 0.3 percent in January 2016. That’s the first decline since the CPPI troughed in early 2010, and follows a flat performance in December 2015. It might, according to Moody’s director of commercial real estate research. Tad Philipp, signify “a shift in sentiment among commercial property investors.”
The CPPI measures price changes in U.S. commercial real estate based on repeat sales or completed sales of the same properties. The decline in the overall index was led by a 0.8 percent decrease in core commercial prices over the past three months. In January, office and industrial property prices each fell by more than 1 percent. Retail was the only core commercial property sector to show a gain in January, with prices rising 1.1 percent…
CRE Prices See First Dip in 6 Years, Says Moody’s
