S&P Dec S&P/GRA Commercial Real Estate Indexes Up 6.7%

March 18, 2008: 09:54 AM EST

Standard & Poor's S&P/GRA Commercial Real Estate Indices, a measure of the change in commercial real estate prices, grew 6.7% from a year earlier, and rose 1.9% from November.

S&P, a unit of McGraw-Hill Cos. (MHP), said the Northeast and Pacific West regions posted increases of 8.7% and 7.7% respectively.

The warehouse sector increased 8.9%, the office sector rose 11.8% and the retail sector grew 4.6%. The apartment sector grew 3.9% from a year earlier.

S&P said despite market conditions, the commercial real estate market appears to be maintaining "relatively healthy fundamentals."

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