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Industrial Asking Prices Suggest Market Correction May Be Near

Industrial prices dropped 6.68% over April figures, forcing cap rates up slightly in response.

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The multifamily asset class continued along a growth trajectory last month, while industrial prices dropped significantly, suggesting the market may be correcting as the threat of COVID-19 wanes.

Data from the Crexi National Commercial Real Estate report for May shows that multifamily prices increased 10.52% in May, despite a slight decrease in occupancy.

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