National commercial real estate (CRE) prices rose in the second quarter, although the momentum slowed at quarter-end, Standard & Poor's analysts said in a short note this morning.
They said that this has set a cautious tone for the rest of 2012. Analysts cited CRE data provider CoStar Group’s Commercial Repeat Sales Indices (CCRSI).
The CCRSI showed a 2% increase in 2Q12, but investment demand decreased in all property types over the month of June.
Although the prime quality assets in top markets were steady, lower-priced assets in secondary/tertiary places did not fare as well, S&P noted.