A challenging investment environment is pushing real estate investors to look beyond traditional markets and property types into niche areas that potentially can yield higher returns.
That, in turn, is driving pricing growth the U.S. commercial real estate market – including Philly office space, Philly retail space and Philly industrial space – across more regions and property types in the third quarter as U.S. commercial property pricing indices reached new historical highs in September, says a recent market report.
Both CoStar Commercial Repeat Sale Indices (CCRSI) of national composite prices advanced by a healthy 2.9% in the three months ending Sept. 30, 2016, reflecting broad-based pricing growth in the U.S. and Philadelphia commercial real estate markets across assets of all sizes and quality types, even as sales volume continued to level off.
This report on both national and Philadelphia commercial properties was made available through Philadelphia commercial real estate broker Wolf Commercial Real Estate, a Philadelphia commercial real estate brokerage firm.
The CCRSI includes both value-weighted and equal-weighted versions of its U.S. Composite Index, which includes all commercial properties in the U.S. and Philadelphia commercial real estate properties in its index.
The value-weighted U.S. Composite Index, which is largely influenced by the sale of higher-quality, larger assets, now has climbed 26.4% above its pre-recession peak, while the equal-weighted U.S. Composite Index, which reflects the larger number of trades of smaller properties in the U.S. commercial real estate market – including Philly office space, Philly retail space and Philly industrial space – exceeded its previous cyclical high for the first time in September, surpassing its previous peak reached in August 2007.
For more information about Philly office space, Philly retail space and Philly industrial space or other Philadelphia commercial properties, please call 215-799-6900 to speak with Jason Wolf (jason.wolf@wolfcre.com) Leor Hemo (leor.hemo@wolfcre.com) or Lee Fein (lee.fein@wolfcre.com) at Wolf Commercial Real Estate, a leading Philadelphia commercial real estate broker that specializes in Philly office space, Philly retail space and Philly industrial space.
Wolf Commercial Real Estate is a Philadelphia commercial real estate brokerage firm that provides a full range of Philadelphia commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.
Wolf Commercial Real Estate, a Philadelphia commercial real estate broker with expertise in Philadelphia commercial real estate listings, provides unparalleled expertise in matching companies and individuals seeking new Philly office space, Philly retail space or Philly industrial space with the Philadelphia commercial properties that best meets their needs.
As experts in Philadelphia commercial real estate listings and services, the team at our Philadelphia commercial real estate brokerage firm provides ongoing detailed information about Philadelphia commercial properties to our clients and prospects to help them achieve their real estate goals. If you are looking for Philly office space, Philly retail space or Philly industrial space for sale or lease, Wolf Commercial Real Estate is the Philadelphia commercial real estate broker you need — a strategic partner who is fully invested in your long-term growth and success.
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