U.S. Investment Grade Properties Post 10.6% Gain
CoStar Commercial Repeat-Sale Indices, March 2011 Release
- Investment-grade commercial properties jumped 10.6% in January over the same period last year, the largest year-over-year gain since the height of the real estate boom in 2006 according to the March 2011 CoStar Commercial Repeat-Sale Indices (CCRSI).
- CoStar’s General Grade Index is down 11.3% versus the same period last year, reflecting continued downward pressure on general commercial property values.
- The Composite Index, which is an equal weighted analysis of both the Investment Grade and General Grade indices and a reflection of the broad overall market, was flat the first month of 2011, down -2.6% for the past three months and down -6.6% for the past 12 months
The March 2011 Indices include data through January 2011