NEWPORT BEACH, CA—The Green Street Commercial PropertyPrice Index increased by 1% in April. For the past year,property prices have been moving higher at a moderate pace.
Prices are now, on average, 7% above thethen-peak levels seen in'07.
“Property pricing continues to be firm. Cap rates have heldsteady, and in some instances, they've even moved down a little”said Peter Rothemund, an analyst at GreenStreet Advisors. “It's likely that continues. Real estatepricing currently looks attractive relative to pricing in thecorporate bond market.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
