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Commercial Property Price Index Update

Commercial Property Price Index Update

Last week, Green Street Advisors released the updated commercial property price index report. The data released found that commercial prices across the United States rose by one percent over the last twelve months, with three-and-one-month splits at zero percent and one percent, respectively. There are two sectors within the flatness that are pulling in opposite directions.

Mall prices have dropped by twelve percent and strip retail buildings dropped three percent, which are the only two sectors to see a decline over the last twelve months. On the other hand, the hottest sector is industrial real estate, which includes distribution centers. The Green Street Advisors report found that the industrial real estate sector rose by fifteen percent! The way consumers are spending their money has had a direct impact on the disparity between retail and industrial real estate.

For more than forty years, the Knipp name has been helping landlords and investors with their real estate development needs. We invite you to visit us online at www.KnippContracting.com or www.KnippCommerical.com and view our online portfolio.

Whether you are looking to renovate your existing commercial building, or break ground on a new commercial real estate project, our team of experienced experts are ready to help you with all your construction and real estate development needs. We look forward to hearing from you soon!

Knipp Commercial
info@knippcontracting.com
623-561-0803
www.KnippContracting.com
www.KnippCommercial.com

Source: https://www.bisnow.com/national/news/industrial/industrial-price-up-retail-price-down-89358

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