The headline rate of annual U.S. commercial property price gains came in at 6.5% in April, little changed from the growth rate seen in 2020 so far, the latest RCA CPPI summary report shows. The US National All-Property Index gained 0.5% from March.
While transaction prices have not yet been pounded by the Covid-19 upheaval, acquisition volume has. April sales activity across all property types sank 71% from a year earlier, on the heels of a 17% year-over-year decline in March, as reported in the latest edition of US Capital Trends, also released this week.
Price growth slowed for the industrial sector, though this was the continuation of a trend seen before the pandemic shuttered the U.S. economy. Industrial prices gained 8.3% year-over-year, down from the 12.2% rate seen in July. Apartment prices rose 10.8% in April from a year ago.
To learn more about the data behind this article and what Real Capital Analytics has to offer, visit https://www.rcanalytics.com/.
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