(To read more on the multifamily market, click here.)
SAN FRANCISCO-Commercial real estate values grew at an 8%annualized rate in the second quarter of 2006, a marked declinefrom the previous quarter and the same quarter a year earlier,according to a Value Monitor report released Wednesday by NationalReal Estate Index, the real estate research publishing arm oflocally based Global Real Analytics.
The national average appreciation for the second quarter was 2%,which equates to an annualized gain of 8%. In the first quarter andthe second quarter of 2005, national average appreciation was 3.6%and 3.5% respectively, which equates to an annualized gain of14%.
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