CRE Pricing Posts First Across-the-Board Annual Decline Since 2010 – Robert Khodadadian

All the major property types posted annual declines in April, marking the first time since September 2010 that prices fell across the board, MSCI Real Assets said Thursday. The RCA CPPI National All-Property Index fell 1.1% from March and dropped 9.4% from April of 2022, dragged down by the slide in apartment sector prices. 

The industrial sector held out until April, when it experienced both monthly and annual price drops. Industrial prices slipped 0.5% from March and fell 0.8% versus a year earlier. 

Apartments again saw the largest monthly and annual declines among the major property types. Rising mortgage rates have led to a sharp drop in prices, with the index falling 12.1% from a year prior and 1.5% from March.  

Prices for retail properties dropped 6.0% from a year ago and 0.5% since March. This annual decline is the largest for the sector since the end of 2010. This time last year, the retail index posted an annual increase greater than 18%.  

Declines in suburban office prices have sharpened faster than in CBD areas. The suburban office index was down 6.3% year over year, while the CBD office index fell 3.8%. As recently as January of this year, price growth for suburban offices was outperforming that of CBD offices. 

The post CRE Pricing Posts First Across-the-Board Annual Decline Since 2010 appeared first on Connect CRE.

All the major property types posted annual declines in April, marking the first time since September 2010 that prices fell across the board, MSCI Real Assets said Thursday. The RCA CPPI National All-Property Index fell 1.1% from March and dropped 9.4% from April of 2022, dragged down by the slide in apartment sector prices.  The …
The post CRE Pricing Posts First Across-the-Board Annual Decline Since 2010 appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate