The US National All-Property Index hit a 13.5% year-over-year increase in August, rising 1.5% from July numbers.
According to data from Real Capital Analytics, all four major CRE property types showed double-digit annual price growth last month, with apartments showing the largest gain at 14.7%. That's the quickest rate since before the Great Recession, and prices for apartment properties jumped 1.6% over July figures.
Apartment prices posted a 14.7% gain, the fastest annual growth rate seen since the housing boom before the Global Financial Crisis. Prices for the sector increased 1.6% from July. Industrial followed closely behind, registering 13.6% year-over-year, while retail increased 12.1%, buoyed by strong growth in the grocery-anchored center segment.
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