This Great Graphic was tweeted by David Schawel. The data comes from Moody's and appears to have been assembled by BofA analysts. It shows the collapse and recovery of US commercial real estate prices.
National commercial property prices are up about 15% year-over-year. Even stronger gains have been posted in the major cities.
Commercial property prices slumped 40% in the 2007-2009 period. The national average has nearly returned to its previous peak while the commercial real estate prices in the major urban centers are at new highs.
It is noteworthy that despite the backing of up US bond yields last year, it did not curtail that recovery in commercial property prices. The 55 bp pullback in 10-year bond yields this year has also not changed the slope of the price recovery.
Great Graphic: US Commercial Real Estate Recovery
Reviewed by Marc Chandler
on
July 22, 2014
Rating:
Reviewed by Marc Chandler
on
July 22, 2014
Rating:
