Morgan Stanley sees flat US commercial property price growth

New York

MORGAN Stanley analysts last week predicted US commercial real estate prices would grow by a big fat zero per cent in 2016, replacing a previous forecast of 5 per cent growth over the course of the year.

It was a surprising prediction for a market which has seen prices easily blow past their pre-financial crisis highs. Values for office buildings, hotels, shopping malls and the like have appreciated rapidly in recent years, tha…