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.