Nationwide commercial pricing dropped 0.1% in May, a return to the slump the market has experienced since the election.
Valuations rose in April, the only month since the election of President Donald Trump that commercial pricing improved in all five property sectors, according to Ten-X's monthly pricing index — which combines Google Trends data, proprietary transaction data and investor surveys to determine commercial real estate pricing trends in real time.
“The broader tide of uncertainty is just sort of having an impact on all these numbers,” Ten-X Chief Economist Peter Muoio said. “It is sort of disappointing. The data is the data, but it does suggest that we're not out of the woods.”
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