Property Prices

Since peaking in 3/20, the price of institutional-quality commercial real estate has declined by an average of 22%. The biggest decline has been in office space, which has seen prices decline 35%, followed by apartments which are down 30%. Over the past year, prices eased 10% and all property classes lost value except malls where prices rose slightly. Over the past month, self-storage has performed the worst, dropping by 7.6%.