X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Ten-X's Peter Muoio “Commercial real estate remains generally healthy across the country,” says Ten-X’s Peter Muoio.

IRVINE, CA—Commercial property pricing gained during the month of December, but the rate of increase at year’s end was the slowest the industry has seen since midyear. That’s the assessment from Ten-X, whose latest Commercial Real Estate Nowcast finds that nationwide commercial valuations have risen by 0.3% over the past month, with values in two property sectors taking a step backward.

“As a new president prepares to take office, we are experiencing unusual uncertainty,” says Peter Muoio, chief economist at Ten-X. “This appears to be contributing to an overall softening of the market, including slowdowns in such previously stronger sectors as industrial and multifamily. Investors are taking a wait-and-see approach toward many of their holdings, and this is holding back overall pricing growth.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

More from this author

 

GlobeSt. Multifamily Fall 2022Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.