Commercial property price growth slowed inthe US in June, according to a new report byReal Capital Analytics.
The US National All-Property Index was stagnant in June comparedwith the previous month and has gained only 3.6% compared to lastJune, according to the latest RCA CPPI summary report. The Index'sgrowth has slowed recently due to the coronavirus pandemic andrecession.
Of all the sectors—industrial, apartment, office, all-propertyand retail—retail fared the worst, dropping .3% from May to Juneand dropping .7% since June of last year, marking the first annualprice decline in the sector since 2001.
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Samantha Stokes
Samantha Stokes, based in New York, is a staff reporter at American Lawyer covering the business of law. You can reach her at [email protected] or on Twitter: @stokessamanthaj.
