Commercial real estate property prices pulled back a fraction in July from the new heights reached a month earlier. But there were still signs of healthy demand.
Price declines hit across sales of all dollar amounts and in all markets. The higher-dollar deals in both large and small markets dropped the furthest, 0.8% versus 0.3% for lower-dollar sales, according to the CoStar Commercial Repeat Sale Indices, which monitor price differences in repeat sales of the same property.
The easing came as transaction volume fell to its lowest level in five months.