Ensure you never miss an issue of the
real estate business bulletin
US commercial prices slide

US commercial prices slide

by Reporter 0 comments

Commercial property values in the United States dropped in August as job losses cut demand for office space.

According to figures from Moody’s / REAL Commercial Property Price Indices, prices fell 3 per cent from July to August, bringing the market’s decline to 41 per cent since its peak in October 2007.

Moreover, property price values are forecast to fall an additional 17 per cent though the fourth quarter of next year due to rising vacancy rates and the risk of forced sales, according to a report by Goldman Sachs Group.

Office vacancies are currently sitting at a five year high of 16.5 per cent.

Commercial property values in the United States dropped in August as job losses cut demand for office space.

According to figures from Moody’s / REAL Commercial Property Price Indices, prices fell 3 per cent from July to August, bringing the market’s decline to 41 per cent since its peak in October 2007.

Moreover, property price values are forecast to fall an additional 17 per cent though the fourth quarter of next year due to rising vacancy rates and the risk of forced sales, according to a report by Goldman Sachs Group.

Office vacancies are currently sitting at a five year high of 16.5 per cent.

US commercial prices slide
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
The difference between an average agent and one who dominates

McGrath Crows Nest’s Peter Chauncy is number 10 in this year’s REB Top 100 Agents ranking. Peter, however, is more likely not surprised ...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?