Commercial Property Prices Split by Deal Size

CoStar's value-weighted property index fell 1.3% in August, marking five consecutive months of decline, while the equal-weighted index rose 1.4%, nearing its record high. Larger asset prices dropped, especially in office and retail sectors, with significant losses in repeat sales. Smaller properties in secondary markets saw price gains despite lower transaction volumes. Supply pressure is easing, but pricing remains uneven across property sizes and sectors.