Indices Show 2.1% CRE Return in June

Commercial real estate recorded a 2.1% rate of return in June on a national basis, for a 12-month rate of return of 6.6%, according to the S&P/GRA Commercial Real Estate Indices.Standard & Poor's said the regional breakdowns showed the top CRE performance in the Desert Mountain West, which recorded an 8.6% 12-month return. "While year-over-year returns at the national level stabilized at 6.6% in June, ... some areas are showing some real diminishing annual returns, most notably the apartment sector and the Desert Mountain West and Mid Atlantic South regions," said David Blitzer, managing director and chairman of S&P's Index Committee. The indices showed a negative-3.5% 12-month rate of return for the apartment sector. The indices can be found online at http://www.spcrex.standardandpoors.com.