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CRE Pricing Stays Flat at Midyear | Commercial Property Executive

Commercial real estate prices ended a weak first half of 2019 on a down note. According to the Ten-X Commercial Real Estate Nowcast, the All-Property Index dropped 0.2 percent month-over-month in June, leaving it flat with its level one year ago. Pricing was down or flat on a monthly basis in all five major property segments.

The apartment segment was the only one to tread water in June, with the Ten-X Apartment Nowcast flat from May and up 2.1 percent from last year. The regional picture was generally weak, with the Midwest being the standout showing some strength, increasing 1 percent in the month, placing it a solid 5.3 percent up over the past year.

The other four major property segments all posted 0.2 percent monthly declines in June. This also left the office, retail and industrial segments essentially flat from the midpoint of last year. Hotel pricing is down 2 percent year-over-year, according to the Ten-X Hotel Nowcast. Hotel pricing was flat-to-down regionally with the exception of the Southeast, which increased 0.3 percent in June.

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CRE Pricing Stays Flat at Midyear.

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