Commercial Weekly: Multifamily and Industrial Markets Post Price Appreciation Gains of Over 10% as of March 2022
Prices of multifamily properties and industrial properties rose at the strongest pace by over 10% year-over-year while sales prices on retail and office properties rose at a modest pace of less than 5%.
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Hot off the Economists’ Outlook Commercial Weekly blog: As of this month, prices of multifamily properties and industrial properties have risen by over 10% year-over-year.
As the commercial market had a strong recovery in 2021, commercial sales prices rose across all core asset classes. Prices of multifamily properties and industrial properties rose at the strongest pace by over 10% year-over-year while sales prices on retail and office properties rose at a modest pace of less than 5%.1 These price appreciations exceed pre-pandemic price appreciation growth rates, except for the office sector.
https://www.nar.realtor/blogs/economists-outlook/commercial-weekly-multifamily-and-industrial-markets-post-price-appreciation-gains-of-over-10-as-of-march-2022 Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
March 29, 2022 at 08:51AM