S&P/GRA Indices Show 0.6% CRE Return in July

Commercial real estate recorded a 0.6% rate of return in July on a national basis, for a 12-month rate of return of 6.4%, according to the S&P/GRA Commercial Real Estate Indices.Standard & Poor's said the regional breakdowns showed the top CRE performance in the Pacific West, which recorded a 10.4% 12-month return. "In the property sector, solid double-digit returns are being made, with the exception of apartments, while annual returns on all regions but the Mid-Atlantic South are positive," said David Blitzer, managing director and chairman of S&P's Index Committee. "Even with these positive returns, however, the trend suggests a deceleration in the annual returns." The indices showed a negative-1.2% 12-month rate of return for the office sector. The indices can be found online at http://www.spcrex.standardandpoors.com.