Overall asking prices for new CRE assets dropped by 4.71% month-over-month in July, the biggest decline since February.

Occupancy rates across all asset classes rose more than 2% during that same period, continuing a pattern that began late last year, according to Crexi’s National Commercial Real Estate Report for July.  And those two factors add up to positive signs for the market: “While investors may be lowering or withholding asking prices in response to current market conditions and rising COVID-19 cases last month, tenants continue to capture space at a healthy clip,” Crexi analysts note.

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