The overall CRE market performance continued to head down in March 2023 according to the latest CoStar Commercial Repeat Sale Indices (CCRSI). But the overall move masks the individual differences that might be important to investors, owners, and developers at the moment.
CoStar tracks properties through transactions, particularly repeat sales because a group of deals involving the same building create a moving image of changing prices in an apple-to-apple comparison. Collect as many of these as you can, and the theory is that it's possible to build a more realistic view of market activity than a looking at one-time sales of different properties.
Results are then indexed for comparisons. How things look still depend on how you consider them.
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