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Commercial property prices extend slide

High financing costs, apartment sector weakness pulled down values in July
Gema, a 230-unit apartment building in San Diego, sold for $80 million in July, $38.5 million below its 2022 sale price. (CoStar)
Gema, a 230-unit apartment building in San Diego, sold for $80 million in July, $38.5 million below its 2022 sale price. (CoStar)
CoStar News
August 28, 2026 | 9:56 P.M.

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U.S. commercial property values declined again in July, extending a four-month streak of price drops that underscores how higher borrowing costs are weighing on real estate valuations despite pockets of renewed investment.

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IN THIS ARTICLE

  • Properties
    • Gema

      1471 8th Ave, San Diego, CA