CoStar: Commercial real estate prices "leap forward"

image The August Commercial Repeat Sale Indices from CoStar found that the two broadest measures of commercial-property pricing both “posted significant gains” in August over the year before. It’s a sign, the company says, of a broad recovery of the commercial market.

The value-weighted index (which is a better measure of large-property sales) was up 11.4% over 2011 — hitting the highest mark in more than three years.

The equal-weighted index (a better measure of smaller transactions) was up 7.6% — the biggest gain in six years.

Click here to read the full release from CoStar, chock full of data, charts, graphs, and the like.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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