By Michael Tucker
Real Capital Analytics, New York, reported commercial real estate price growth increased at a 1.4 percent annualized pace in September as gains in apartment and industrial sector prices offset declines in retail and office price.
The RCA National All-Property Index gained 0.2 percent during September, said RCA Senior Analyst Wyatt Avery.
Avery said retail sector property prices sank 0.7 percent from August and dropped 5.3 percent from September 2019. “This sector, along with hotels, has been pummeled during the ongoing health crisis and may have even more trouble ahead as commercial property loan distress widens,” he said.