While commercial property prices grew at the fastest rate since the beginning of the pandemic in November, the gains weren't universal.

Real Capital Analytics' National All-Property Index increased by 5.7%  year-over-year in November, but it was the strong price gains in the apartment and industrial sectors that really drove those increases. Industrial prices climbed 9.5% in November, though deal volume is down 26% YOY in the sector, according to RCA. That is the shallowest drop among the major income-producing property types during the pandemic year.

In the apartment sector, prices posted a 7.6% YOY increase in November. RCA says annual returns for the sector have hovered in the mid-7% range over the last few months.

Recommended For You

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Leslie Shaver

Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.