CoStar released the latest findings of the
CoStar Commercial Repeat-Sale Indices (CCRSI) last week. Among the top findings: Investment grade real estate continued its positive pricing trend from August
with a strong 5.48% increase in September. Also, for the first time since the second quarter of 2007, all four primary property
types within the commercial real estate repeat sales index (office, retail, industrial and multifamily) showed an increase
in pricing during the third quarter.
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"Latest Press Release" for the full analysis.
CoStar developed the
CoStar Commercial Repeat-Sale Indices to provide a comprehensive set of benchmarks that investors and other market participants can use to better understand and
predict price movements within the commercial real estate sales market.
We believe an accurate measure of real
estate price changes is a critical component to understanding investment or market performance. By covering all levels and
all types of CRE transactions, and by using well-tested available methodologies, we believe that CoStar’s CCRSI indices
will provide one of the most comprehensive benchmarks for tracking and analyzing price movements within commercial real estate.
CoStar's CCRSI index is the only repeat-sale index that measures price movements for transactions below $2.5 million.
For the investor who wants to see the entire market, not just a segment, being able to track the pricing movements of the
entire market is critical. The CoStar index that takes into account property sales below $2.5 million is referred to as the
general commercial real estate index, which turned positive in the third quarter.
CoStar plans to release updates
for
the CCRSI on the first Wednesday of each month to serve as timely indicators of the overall health of the commercial real estate industry.
To access the
CoStar Commercial Repeat-Sale Indices, please go to
http://www.costar.com/ccrsi/index.aspx.