SAN FRANCISCO-CA-- We rarely report on the periodic price variances but thought that this report from the Financial Times was noteworthy... keep in mind, that we have severely bifurcated markets. The price increases reported below reflect the churning action among equity funds, REITS and advisors. That market is improving.
Still relatively stagnant are the lower, non-institutional markets --- which are pursued by private operators and high wealth individuals.. The lack of elaborate 1031 exchange 'trains', very tight lending standards, and continued tenant challenges has made these secondary markets less responsive.
"US commercial property prices recorded their biggest monthly gains on record in September, offering hope that the troubled market is bottoming out.