The Green Street Commercial Property Index has revealed that commercial real estate values have turned positive in past months, reported Bluerock in its “Chart of the month”.
During the three months spanning April to June, commercial property values rose by 1.5 percent, with a 0.73 percent rise happening in the month of June.
With market participants angling for data pointing to accurate asset valuation, a three-month span of slight growth is an encouraging sign that transactions may begin to pick up again in the second half of 2024.
