Green Street Advisors' Commercial Property Price Index Gains Slightly
07/07/2010
Transaction volume is still low, but pricing for recently closed or active transactions remains high.
"The rebound in pricing that began in earnest last fall has become more vigorous in recent months. Sellers are feeling less pressure to act, the outlook for fundamentals has improved, well-capitalized buyers are plentiful, financing markets are recovering, and return requirements across capital markets have come down. Prices have now returned to early '05 levels, but they remain well below the levels that prevailed in '06 and '07," said Mike Kirby, director of research at Green Street.
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PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
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IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
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