Commercial Property Price Index®
Pan-European Commercial Property Price Index
Property Prices Unchanged Year-To-Date
Newport Beach, CA, May 6, 2024 — The Green Street Commercial Property Price Index® was unchanged in April. The all-property index—a measure of pricing for institutional-quality commercial real estate—is down 7% over the past year and 21% since its March ’22 peak.
“Property pricing has firmed up this year and values are essentially unchanged year-to-date,” said Peter Rothemund, Co-Head of Strategic Research at Green Street. “Heading into April it looked like we might see some cap rate compression, but the run up in Treasury yields has likely taken that off the table.”
Learn more about the changes to our Commercial Property Price Index®
Green Street Commercial Property Price Index®
Green Street Commercial Property Price Index
Indexed to 100 in August 2007
Indexed to 100 in September 2007
All Property CPPI® weights: retail (20%), office (17.5%), apartment (15%), health care (15%), industrial (10%), lodging (7.5%), net lease (5%), self-storage (5%), manufactured home park (2.5%), and student housing (2.5%). Retail is mall (50%) and strip retail (50%).
Core Sector CPPI® weights: apartment (25%), industrial (25%), office (25%), and retail (25%).
Change in Commercial Property Values
Amount property values have increased over this period
May 6, 2024