Pricing Performance Varies Significantly Between Different Regions and Property Types
CoStar Group has released its latest Commercial Repeat-Sale Indices (CCRSI) and Houston remains among the top 10 markets in the country in investment performance for all four asset sectors (office, industrial, retail and multi-family).
Highlights from the Report
- At the national level, CoStar’s Investment Grade Commercial Repeat-Sale Index is up 6.8% compared with the same period last year, even after four consecutive months of declines, including a very slight 0.3% decline in February.
- CoStar’s General Grade Index is down 10.9% compared with the same period last year, although this pricing index has trended upward recently, posting two consecutive months of increases, including a strong 0.8% increase from January to February.
- The Composite Index, which is an equal-weighted analysis repeat sale pricing index incorporating both the Investment Grade and General Grade indices and a reflection of the broad overall market, posted a slight increase in property value for the month of February of 0.6%, reflecting the strong monthly increase in the General Grade repeat sale index. The Composite Index is down 7.5% year over year.
Office Top 10 Metros Quarterly Indices
Top Office & Industrial Markets
Source: CoStar Group
Download the complete report here