The search for yield is pulling more investors toward the retail real estate sector and this has led to a pop in values. According to the CoStar Commercial Repeat Sales Index (CCRSI), retail asset values appreciated more than those of any other property type in 2013, with prices rising 15 percent. Growth in office building values was far lower at almost 9 percent, and apartment growth the weakest, at 6 percent.
Despite its stronger showing, retail remains cheaper than
Register to view the full article
This article is part of our premium content subscription. You need to subscribe to gain access to premium content.
Why Register for NREIonline? It's simple and free, and here is what you get:
• Access to leading real estate industry research.
• Interactive rankings of commercial real estate professionals.
• Submit your own articles, (if approved) which will appear around the site.