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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
Add BT as a preferred sourcePublished 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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