The average asking price per square foot across all asset classes was stable in June, suggesting market growth will continue a consistent growth trajectory, according to new data from Crexi.

The average asking price in June was down 1.52% over May numbers, though asking prices varied across asset classes. Rates for industrial clocked in at $134.24 per square foot, a 5.93% increase, while land prices registered at $222.03, a 29.25% uptick.  Office asking rates were up 5.17% nationally, for an average of $211.90 per square foot. Meanwhile, multifamily rates were down 6.7% (but are still up 22.9% year-over-year) and retail was down a relatively modest 1.63%.

Overall, "an increase in unpriced listings and the activation of many smaller units likely account for most of the decline," the Crexi report notes. "The slight shift, following a few months of minimal change, indicates that the market is settling into a return to normalcy."