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Real Estate

Global Commercial Real Estate Price Growth Slips in Q3

Source: https://www.rcanalytics.com/rcacppi-global-cities-q320/

The global rate of commercial property price growth waned in the third quarter of 2020 as transaction activity continued to stumble amid the worldwide health crisis, the latest RCA CPPI Global Cities report shows.

The RCA CPPI Global Cities Composite Index retreated to annual growth of 1.6%, the slowest rate since 2010. Prices fell versus a year ago in six of the 18 major global cities that contribute to the index. Eight posted a drop in prices between the second and third quarters of this year.

The fact that commercial property price growth remains in positive territory shows that while transaction activity is depressed, this downturn is not the same as the Global Financial Crisis. Investors remain on the hunt for quality assets and sellers are typically not being forced to offload properties.

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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Placer.ai provides retailers with actionable location-based insights into their audience and competition. With unprecedented visibility into humanity-in-action, every retailer can be brilliant at running their business.

Retailers make critical decisions every day whilst in the dark. They do not have answers to seemingly simple questions: Who visits my store? Where do they live, or work? What other locations do they frequent? What’s my churn rate? Where do those lost customers go? What are my competitors up to? And ultimately, how should I deploy my limited resources to grow my business?

Placer.ai provides instant access to location insights derived from the foot traffic of millions of consumers, delivering visibility into offline behavior. We shed light into churn, trade areas, untapped audiences, out-of-store behavior, and competitive benchmarking.