04.11.2010 - US: Have commercial real estate prices bottomed out?
Investment grade real estate continued its positive pricing trend from August with a strong 5.48% increase in September based on the just-released CoStar Commercial Repeat-Sale Indices (CCRSI).For the first time since the second quarter of 2007, all four primary property types within the commercial real estate repeat sales index showed an increase in pricing in the third quarter. The CoStar investment grade real estate index remains down 4.89% from the same period last year, and down 29.08% from two years ago. However, for the third quarter, the investment grade real estate index increased 5.46%. This is a significant reversal from the previous quarter, as the investment grade real estate index was down 3.24%..............................................Full Press Release: Source
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