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Property Prices Fall Further, Weighed Down by Apartments

Transaction Volume Sputters Amid High Interest Rates
Multifamily property prices fell by 1.3% in January. (Getty Images)
Multifamily property prices fell by 1.3% in January. (Getty Images)
CoStar News
February 24, 2023 | 9:25 P.M.

U.S. commercial property prices, particularly for apartments, declined in January as high interest rates drove the number of transactions to new lows.

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