Price growth for commercial real estate assets in the US grew at its fastest annual rate ever in October, as investors clamored for trophy properties.
The Real Capital Analytics CPPI National All-Property Index rose 15.9% from a year ago and 1.7% from September, according to the latest RCA data. In the year through October 31, investors poured $523.8 billion into commercial property assets, a 70% increase.
More than $200 billion of that total was spent on apartments so far this year, double the activity for the same period in 2020. Experts posit that current pricing levels are substantiated by revenue growth, and predict apartments will continue to be a safe bet as the housing shortage will fuel ongoing demand.
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