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Ten-X's Peter Muoio Muoio: “The question of whether pricing will pick up in 2018 or continue its sluggish performance remains to be seen.”

IRVINE, CA—Annual pricing gains have reached a new low for the current cycle, Ten-X Commercial said Wednesday in reporting its latest Commercial Real Estate Nowcast. Commercial pricing rose just 0.3% month-to-month in December, and is up just 1% from December 2016, marking the weakest appreciation pace since the downturn. “Despite positive economic news and a new tax law that should benefit CRE, investor sentiment has been quite weak, leading to a startling eighth straight month of pricing contraction for the sector,” says chief economist Peter Muoio.

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.

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