Amid the considerable carnage being inflicted on the U.S. commercial real estate sector by the COVID-19 pandemic, the most recent Commercial Property Price Indices from the industry’s major data firms show some good news.
Green Street Advisors, Real Capital Analytics (RCA) and the CoStar Group all reported their all-property indices have either stayed flat or rose slightly in recent months. Part of this dynamic likely has to do with far fewer sales being completed in the marketplace and investors’ focus on strong, well-located, leased-up assets when they do acquire properties. It also shows that so far, there have been few fire sales in the commercial space.
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