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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • 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
NOT FOR REPRINT

© 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.