Commercial real estate prices were flat in July as the Standard & Poor’s S&P/GRA Commercial Real Estate Indices showed their lowest annual return in their history.
S&P/GRA reported flat July commercial real estate prices and the lowest price growth rate in the 15-year history of the index. Overall returns on real estate investments were negative 0.9 percent in July. Only two of the index’s five geographic regions – the Midwest and the Mid-Atlantic South – reported positive returns.
All four of the index’s property sectors reported negative returns in July compared to June. Warehouse properties performed worst and apartments and office properties performed best.
The S&P/GRA indices are calculated to reflect underlying real estate market fundamentals and are published every month.
