Student housing, manufactured homes and industrial property were the top performing commercial real-estate sectors in the past 12 months, according to new data from Green Street Advisors.
These three sectors outperformed the broader commercial property market, which saw values remain flat between June 2017 and the end of the first half of this year. Meanwhile, values fell 10% in the hard-hit retail sector during the 12-month period, according to Newport Beach, Calif.-based Green Street, which tracks the market with its Commercial Property Price Index.
The index monitors office buildings, malls, warehouses and other commercial property owned by real-estate investment trusts. REITs tend to own larger and higher quality properties than many private landlords.
The latest data provides a window into the large rise in real-estate values since the recession, as well as investor sentiment about different types of property as the current business cycle moves into its ninth year of growth.
Continue reading full article on The Wall Street Journal.
