E-commerce has taken its toll on retail, while hotel grapples with supply expansion, says Ten-X's Peter Muoio.
IRVINE, CA—The major commercial property sectors have seen mixed results when it comes to pricing growth, with three of the five posting modest gains from the previous month, according to the latest Commercial Real Estate Nowcast from Ten-X. Apartments once again led the winners' parade, while retail and hotels have fared less well in October.
Overall, commercial property valuations rose by 1% compared to September. Year to date, overall CRE valuations are now 6.9% higher than a year ago, despite a considerably slower pace of growth compared to what the industry saw in 2015.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
