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Pricing Growth Softens in December

IRVINE, CA—The wait-and-see attitude being taken by many investors is holding back valuation gains, says Peter Muoio at Ten-X.

By Paul Bubny | paulbubny | Updated on December 27, 2016

Ten-X's Peter Muoio “Commercial real estate remains generally healthy across the country,” says Ten-X’s Peter Muoio.

IRVINE, CA—Commercial property pricing gained during the month of December, but the rate of increase at year’s end was the slowest the industry has seen since midyear. That’s the assessment from Ten-X, whose latest Commercial Real Estate Nowcast finds that nationwide commercial valuations have risen by 0.3% over the past month, with values in two property sectors taking a step backward.

“As a new president prepares to take office, we are experiencing unusual uncertainty,” says Peter Muoio, chief economist at Ten-X. “This appears to be contributing to an overall softening of the market, including slowdowns in such previously stronger sectors as industrial and multifamily. Investors are taking a wait-and-see approach toward many of their holdings, and this is holding back overall pricing growth.”

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