Law.com Subscribers SAVE 30%

Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.

Where CRE Prices Are Trending By Type

By Erik Sherman
July 01, 2024

Trepp did a recent analytic update of its Trepp Property Price Index (TPPI), which measures CRE price movements over time. "It is constructed based on proprietary CRE transaction data from Trepp and its partners using a repeat sales methodology," they wrote. "In total, we calculated 569,900 repeat sales since 2000 and have added 9,192 new sale pairs in 2024 Q1. The index is equally weighted, ensuring a balanced representation of various property types and price tiers across the CRE market."

They had produced composite figures. Now they are also generating sector-specific figures for multifamily, office, retail, industrial and lodging.

The composite for the first quarter of 2024 saw a quarter-over-quarter increase of 0.51% for a "slight improvement" in the CRE market. The year-over-year change was 0.66%. "However, when compared to its peak in mid-2022, the composite index is still 1.94% lower, indicating that the market has not yet fully rebounded despite possible signs of recovery in the most recent quarter," they said.

This premium content is locked for Entertainment Law & Finance subscribers only

  • Stay current on the latest information, rulings, regulations, and trends
  • Includes practical, must-have information on copyrights, royalties, AI, and more
  • Tap into expert guidance from top entertainment lawyers and experts

For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473

Read These Next
How Secure Is the AI System Your Law Firm Is Using? Image

In a profession where confidentiality is paramount, failing to address AI security concerns could have disastrous consequences. It is vital that law firms and those in related industries ask the right questions about AI security to protect their clients and their reputation.

COVID-19 and Lease Negotiations: Early Termination Provisions Image

During the COVID-19 pandemic, some tenants were able to negotiate termination agreements with their landlords. But even though a landlord may agree to terminate a lease to regain control of a defaulting tenant's space without costly and lengthy litigation, typically a defaulting tenant that otherwise has no contractual right to terminate its lease will be in a much weaker bargaining position with respect to the conditions for termination.

Pleading Importation: ITC Decisions Highlight Need for Adequate Evidentiary Support Image

The International Trade Commission is empowered to block the importation into the United States of products that infringe U.S. intellectual property rights, In the past, the ITC generally instituted investigations without questioning the importation allegations in the complaint, however in several recent cases, the ITC declined to institute an investigation as to certain proposed respondents due to inadequate pleading of importation.

The Power of Your Inner Circle: Turning Friends and Social Contacts Into Business Allies Image

Practical strategies to explore doing business with friends and social contacts in a way that respects relationships and maximizes opportunities.

Authentic Communications Today Increase Success for Value-Driven Clients Image

As the relationship between in-house and outside counsel continues to evolve, lawyers must continue to foster a client-first mindset, offer business-focused solutions, and embrace technology that helps deliver work faster and more efficiently.