Ten-X's Peter Muoio Muoio: “The question of whether pricing will pick up in 2018 or continue its sluggish performance remains to be seen.”

IRVINE, CA—Annual pricing gains have reached a new low for the current cycle, Ten-X Commercial said Wednesday in reporting its latest Commercial Real Estate Nowcast. Commercial pricing rose just 0.3% month-to-month in December, and is up just 1% from December 2016, marking the weakest appreciation pace since the downturn. “Despite positive economic news and a new tax law that should benefit CRE, investor sentiment has been quite weak, leading to a startling eighth straight month of pricing contraction for the sector,” says chief economist Peter Muoio.