Since the beginning of the year, various players in CRE have been predicting the approach of a market bottom to the fall that began in 2022. MSCI's Capital Trends report for the second quarter of 2024 adds another voice with a more definitive tone.
The firm said that the slide in deal volume and pricing "came to an end in the second quarter." Using data from the RCA CPPI National All-Property Index, they showed that year-over-year changes in dollar volume and pricing seem to have turned a corner, or, more specifically, two graphs.
Each showed a rapid ascension from the pandemic's beginning into and through 2021. Between the last quarter of 2021 and the first of 2022, a similar downward plunge started, with volume falling to 50% drops and pricing to -10% price growth.
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.
