Property Values Up 3.3% In First Quarter

Nationwide commercial property values rose 3.3 percent in the first quarter of 2016, as measured by the FTSE NAREIT PureProperty® Index Series. Property values rose 5.6 percent in March, which more than made up for a weak January and tepid February. According to the FTSE NAREIT PureProperty Index Series, the South region enjoyed the strongest property appreciation within the nation with a 6.1 percent increase for the first quarter, well ahead of the Midwest, with a 2.5 percent increase; the East, with a 2.1 percent increase; and the West, with a 2.0 percent gain. All property segments showed price increases except the Midwest Office segment, which declined 0.5 percent.

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