U.S. commercial property price growth steady in July, aided by industrial
Price increases in the industrial sector shored up U.S. commercial property price growth in July, according to Real Capital Analytics. The U.S. National All-Property Index rose 6.3 percent year-over-year, close to the annual gains posted throughout 2019, even as transaction volume fell sharply in July. Prices rose 0.7 percent from June.
Sales volume fell 21 percent year-over-year in July. This was the steepest drop of the year so far and came after three months of increasing activity.
Industrial was the only property type that posted accelerating price growth in July, up to 12.8 percent year-over-year. However, for the month, the industrial index rose only 0.5 percent, its lowest monthly gain of 2019.