Friday, April 29, 2016

April Values Rebound, Hotels Aside

Image result for shopping centers soldCommercial property pricing rebounded in April, posting month-over-month gains of 56 basis points overall, Ten-X said Thursday in reporting the results of its latest Commercial Real Estate Nowcast. That improvement extended to all property sectors aside from hotel, which continues to see pricing declines.

Retail and industrial, which were both flat in the March nowcasts, gained in April. The retail nowcast rose 0.9% in April and is now up 9.4% from a year ago. In the most recent month, retail was buoyed by higher investor expectations although online search trends dragged. . . . more

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