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Gradual Recovery Continues as CRE Prices Stabilize

The industrial index posted a significant annual increase in October.

By Kristen Smithberg | November 25, 2024 at 06:22 AM

The US CRE market is gradually recovering as commercial property prices continued to stabilize in October on greater clarity about borrowing costs.

According to MSCI Inc., the Real Capital Analytics commercial property price index (CPPI) fell 1.5% year-over-year and 0.1% from September. The firm said rate cuts this Fall helped diminish uncertainty about inflation and borrowing costs that had previously depressed transaction activity.

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