Excerpts from Article: “The value-weighted U.S. Composite Index, influenced by sales of high-quality assets in core markets, increased by 4.7% in the first quarter of 2015 and is now 11% above its previous peak in 2007.”
“Apartment investment led all building types in annual growth, with the Multifamily Index increasing by 14.8% for the 12 months ending in March.”
“With new office construction in check and office job growth continuing to outstrip overall employment growth, prices for office properties increased 13.9% during the 12-month period ending March 30.”
“The U.S. Retail Index rose 43.5% from its recessionary low and 13.5% for the 12 months ending in the first quarter.”
“U.S. hotel occupancies have reached their highest level since the mid-1990s, fueling growth in average room rates and revenue per available room (RevPAR).”
Citation and Link: Drummer, Randyl 13 May. 2015. “CRE Prices Continue Upward Surge In First Quarter of 2015,” CoStar Group, 27 May. 2015 http://www.costar.com/News/Article/CRE-Prices-Continue-Upward-Surge-In-First-Quarter-of-2015/171611
Picture Citation and Link: Drummer, Randyl 13 May. 2015. “CRE Prices Continue Upward Surge In First Quarter of 2015,” CoStar Group, 27 May. 2015 http://www.costar.com/News/Article/CRE-Prices-Continue-Upward-Surge-In-First-Quarter-of-2015/171611