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US commercial property prices unlikely to repeat 2015's upsurge

Fallout from oil price slump and China's slowing growth looms even as borrowing costs start to rise, threatening to crimp returns

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Published Thu, Dec 31, 2015 · 09:50 PM

    New York

    FOR investors in US commercial real estate, the good times may be over.

    The Federal Reserve's first interest rate increase in nine years has removed a crutch that helped sustain 33 consecutive months of price growth of at least 10 per cent and padded returns for buildings from office towers to luxury hotels.

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