Commercial property rates increase 10.08% in Q3 2023: Ivans
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Commercial property rates increase 10.08% in Q3 2023: Ivans

Ivans commercial property report.jpg

Average commercial property premium renewal rates increased by double digits during Q3 2023, rising 10.08% versus 9.77% in the previous quarter and 6.95% the year prior, according to Ivans’ latest quarterly report.

Commercial property rates in Hawaii, which sustained a major wildfire event in August, went up to 5.02% that month from 1.65%

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