PRESS ROOM
COSTAR COMMERCIAL REPEAT-SALE INDICES
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Industrial Repeat-Sale Indices Show Relative Strength In The Third Quarter
The MidWest Was The Only Region To See Industrial Price Declines Over The Prior Quarter
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New Supply Deliveries Slow In The Face Of Negative Absorption
The Market Sees Its Second Consecutive Projected Quarter Of Negative Trailing 12-Month Absorption
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The Average Number Of Days On Market Trended Lower For Priced Listings Compared To Prior Year
Year-Over-Year Transaction Volume Picked Up While Pricing Over The Same Period Weakened
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The NorthEast Led While The West Struggled To Keep Pace
NorthEast Multifamily And Office Shined Over The Last 12 Months
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The Market Sheds 29 MSF Of Space In The Last 12 Months
Meanwhile, 12-Month Deliveries Add 815 MSF To The Market
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Investment Grade Pricing Diverges From General Commercial
Higher Intrest Rates Fail To Deter Small Private Buyers
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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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