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Cheaper Assets Still See Faster Price Growth

WASHINGTON, DC—Yet CoStar says most of the metrics in its latest Commercial Repeat Sale Indices show an investment sales market that has fully recovered.

By Paul Bubny | paulbubny | Updated on June 01, 2017

CoStar headquarters CoStar Group headquarters in Washington, DC. (Photo: CoStar)

WASHINGTON, DC—Commercial property prices advanced by 1.4% during April based on CoStar Group’s latest Commercial Repeat Sale Indices (CCRSI), issued Wednesday. However, growth in values still favors lower-priced assets typical of secondary and tertiary markets.

Both of the major CCRSI indices—the equal-weighted US Composite Index and the value-weighted US Composite Index were up by 1.4% for April. On a year-over-year basis, though, the equal-weighted index rose by 14.8%, whereas the value-weighted composite, which gives more emphasis to higher-priced trades, gained by just 6.2% over the same period.

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