Major U.S. markets are on the move
The U.S. commercial real estate revival continues apace, though its performance is uneven in some regions. That is the word from the latest Commercial Property Price Indices report from Moody’s and Real Capital Analytics.
Commercial property prices in three of the country’s premier real estate markets have been recovering for 14 quarters, with cumulative price appreciation of 57 percent in New York City, 52 percent in Boston and 30 percent in Washington, D.C., when compared with their post–financial crisis troughs.
The national all-property composite index has increased by 42.1 percent since its December 2009 nadir and now stands 14.9 percent below its December 2007 peak. In July, the national all-property composite index increased by 1.5 percent, driven by a 2.0 percent increase i