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Clockwise from top left: Seattle, Boston and New York City (Photo Illustration by Kevin Rebong for The Real Deal)
Real estate prices in the U.S. have risen at a steady pace since the last recession, and even a pandemic didn’t slow things down much in 2020, according to a new report. But your mileage may vary depending on the asset class you’re interested in.
Real Capital Analytics’ US National All-Property Index ended 2020 up 7.3 percent year-over-year, with a late surge following a mid-year slowdown. Growth was particularly strong for industrial and multifamily properties, which rose by 8.8 and 8.3 percent, respectively. Office prices rose by just 1.5 percent, and retail prices fell 4.3 percent