{"id":1004347580,"date":"2019-08-22T06:59:05","date_gmt":"2019-08-22T14:59:05","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004347580"},"modified":"2019-08-22T06:59:05","modified_gmt":"2019-08-22T14:59:05","slug":"sales-price","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sales-price\/","title":{"rendered":"Sales Price"},"content":{"rendered":"

Premium\/Discount to Most Recent Valuation<\/h2>\n
\"\"<\/a>

Source: MSCI<\/p><\/div>\n

Appraisers of retail real estate have come in for criticism for excessive bullishness. Media commentary has fixated on the shuttering of shops, while retail-focused REITs are priced at substantial discounts to the value of their assets. Against this backdrop, many question whether appraisers are overvaluing retail properties. But MSCI data on transacted assets suggests that appraisers haven\u2019t been over-optimistic on the retail sector; and, if anything, they appear to have appraised retail assets more accurately than other property sectors\u2014industrial real estate, in particular.<\/p>\n

Countering some commentators\u2019 skepticism, assets transacted during 2018 in the MSCI Global annual Propery Index (across all sectors, including retail) were sold at premia, rather than discounts, to their most recent valuations, as the exhibit indicates. While retail had the lowest premium across the sectors in 2018, it was in line with its 20-year average, as were the office and residential sectors. Meanwhile, industrial\u2019s weighted average premium was at a record high.<\/p>\n

Insights and data provided by MSCI Real Estate, a leading provider of real estate investment tools. A Vice President in MSCI\u2019s global real estate research team, Reid focuses on performance measurement, portfolio management and risk related research for asset owners and investment managers. Based in Sydney, he covers APAC as well as global markets.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

While retail had the lowest premium across the sectors in 2018, it was in line with its 20-year average, as were the office and residential sectors. <\/p>\n","protected":false},"author":994,"featured_media":1004347481,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37754],"tags":[],"class_list":["post-1004347580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research-center-global"],"acf":[],"yoast_head":"\nSales Price - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/sales-price\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sales Price\" \/>\n<meta property=\"og:description\" content=\"While retail had the lowest premium across the sectors in 2018, it was in line with its 20-year average, as were the office and residential sectors.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/sales-price\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-22T14:59:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/919_global.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"602\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Bryan Reid\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sales-price\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sales-price\\\/\"},\"author\":{\"name\":\"Bryan Reid\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c7fd1df4ac37702ccb477f0d193f3c7f\"},\"headline\":\"Sales Price\",\"datePublished\":\"2019-08-22T14:59:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sales-price\\\/\"},\"wordCount\":228,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sales-price\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/08\\\/919_global.png\",\"articleSection\":[\"Global (Research Center)\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sales-price\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sales-price\\\/\",\"name\":\"Sales Price - 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