PRESS ROOM
COSTAR COMMERCIAL REPEAT-SALE INDICES
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Steep Price Declines In The Value-Weighted Indices
Value-Weighted Office Price Fell 34.5% From The All-Time High
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Net Absorption Plummeted in The First Quarter Of 2024
The Market Gave Back 59 million Sf to Start the Year
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Persistent Price Gains By Lower-Valued Assets
Equal-Weighted Price Surged In January 2024, While Value-Weighted Pricing Continued To Slide
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Pricing Divergence Between Investment Grade And General Commercial Widest Since 1998
Institutional-Grade Assets Experienced The Sharpest Decline In Values
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Peak Supply Deliveries Met Negative Absorption In The Fourth Quarter Of 2023
Negative Net Absorption Extended Its Run With Three Out Of Four Quarters Giving Back Space In 2023
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Commercial Real Estate Price Declines Resumed In October 2023
Higher Borrowing Costs Weighed On Asset Pricing To Start The Fouth Quarter
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Repeat-Sale Indices Witnessed Price Gains In The Third Quarter Of 2023
Falling Benchmark Rates During The First Half Of 2023 Boosted Quarterly Price Growth Across Most Property Types
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Elevated Supply Deliveries Opposed Lackluster Tenant Demand
Tenant Space Give-Backs Reach Covid-Era Thresholds
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The Number Of Repeat Sales Falls To Its Lowest Level Since February 2013, Excluding The Covid Era
Peak-To-Current Transaction Velocity Is Down 76% From December 2021
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The Equal-Weighted U.S. Composite Price Index Posts Its First Negative Annual Print Since February 2012
Annual Price Declines Seen Across Property Types and Regions, With Relative Strength Occurring in the South
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