CRE is amidst a rare moment in recent history when the national average prices of assets are down, according to John Chang, National Director of Research and Advisory Services, Marcus & Millichap.
Other periods were the early nineties and then during the Global Financial Crisis.
Chang cited Real Capital Analytics' report that for May, industrial prices were down 2.3% on a year-over-year basis, retail prices were down 7.4%, apartment prices were down 12.5%, suburban offices were down 8.1%, and CBD offices were down 6.9%.
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