Home Real Estate The suburbs are winning in commercial real estate — and not just...

The suburbs are winning in commercial real estate — and not just in the U.S.

2

Commercial real-estate prices in cities around the world have climbed overall since the start of the pandemic, but it is a less rosy picture for London and many U.S. central business districts, according to a third-quarter Real Capital Analytics report.

Demand for industrial and logistics-related properties helped lift commercial real-estate prices 7.3% across major world cities, particularly in Melbourne and Los Angeles, in the third quarter from a year ago, according to the monthly RCA CPPI composite index, which tracks office, retail and industrial and is transaction-based to reflect repeat sales.

But in the City of London and key business districts in Chicago, New York City and San Francisco, it continues to be a struggle nearly two years into the COVID-19 crisis, especially when comparing property prices with their broader metro areas, (see chart).

Click here for full article…www.marketwatch.com