Office performance continues to drag down overall commercial real estate performance metrics, according to the RCA CPPI National All-Property Index for November.
The index fell 8% from a year ago but was flat month-over-month compared to October, which is perhaps a promising sign as it represents an improvement on the month-over-month drops of nearly 2%.
Downward trends were most acute for offices in the central business district, which fell 26% year-over-year while suburban office prices dropped 12.4%.
Continue Reading for Free
Register and gain access to:
- 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
Already have an account? Sign In Now
© 2024 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.