CoStar Composite Index: Stronger Absorption, Leasing Translate Into Less Distress And Stronger Pricing Across The Board For Commercial Properties
While general commercial pricing bottomed much later than the Investment Grade segment, the smaller property index has made strong gains over the last year and is now up nearly 10% from its nadir in the first quarter of 2011.
Investors are increasingly branching out to second-tier markets and assets as prices for premium assets in top markets have become extremely competitive, the recent gains suggest. That said, the November decline in the investment grade index is mainly a correction of a seasonal surge in sales activity in prior months.
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