Houston Remains Among Top Investment Markets for Commercial Real Estate

by CoyDavidson on April 15, 2011

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

Source: CoStar Group

Top Office & Industrial Markets

Source: CoStar Group

Download the complete report here

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