Despite historic challenges to commercial real estate deal activity in 2020, prices in most leading North American metros continued to move higher in the second quarter of the year, according to the latest RCA CPPI Global Cities report.
New York metro area prices, which have lagged Manhattan price gains over the past decade, increased 9.0% from a year prior. Meanwhile Manhattan commercial prices posted a 6.2% year-over-year gain.
Los Angeles and San Francisco were the laggards at midyear. In San Francisco, prices for metro area office, retail and industrial properties fell 1.7% from a year prior, but are still up 171% over the past decade. Los Angeles commercial prices were flat in the second quarter from a year earlier; prices there have doubled in the past 10 years.
To learn more about the data behind this article and what Real Capital Analytics has to offer, visit https://www.rcanalytics.com/.
Sign up to receive our stories in your inbox.
Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.
Sign up to receive our stories in your inbox.
Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.
