Commercial real estate prices were up 7% for the year ended Jan. 31, according to Standard & Poors/GRA Commercial Real Estate indexes. However, commercial real estate grew by only 0.3% in January and by 1.9% in December.
Among the real estate sectors, warehouses exhibited the greatest one-year growth through Jan. 31, with prices rising 10.1%, though the increase was only 1.9% in January and -0.2% in December. Office prices increased 9.9% in the year ended Jan. 31 but decreased in January by 0.2%.
The S&P/GRA indexes measure the change in commercial real estate prices by property sector and U.S. geographic region.