Economic Update - 9.3.21
Economic Update - 9.3.21

Featured topics:

  • Commercial Property Prices
  • Shifting Household Preferences
  • Trepp CRE Sentiment Report
  • SCOTUS Eviction Moratorium Decision
  • White House Economic Forecast
  • CRE Underwriting Standards
  • Federal Reserve Policy
  • Are Unemployment Benefits Keeping Workers Home?
  • Weekly Jobless Claims
  • TSA Travel Update


According to the Real Capital Analytics commercial property price index (CPPI), commercial property prices maintained their momentum through July, growing an average of 1.2% from a month earlier. Moreover, the national all-property type CPPI is up a robust 11.8% year-over-year, marking the fastest annual growth since 2006.

Apartment assets continue to lead the way, notching the highest growth of all commercial property types. In July, the apartment CPPI grew 1.6% month-over-month and 13.5% year-over-year, both of which led all other tracked property types.

Retail assets posted the next best month-over-month growth rate of the core-four property types, gaining 1.2% between June and July. However, measured year-over-year retail prices are by just 7.5%, which remains the lowest mark across the major property types.

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