Commercial Property Price Index®
Pan-European Commercial Property Price Index
Commercial Property Fairly Valued
Newport Beach, CA, April 4, 2024 — The Green Street Commercial Property Price Index® was unchanged in March. 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.
“After back-to-back years of significant declines, property prices have regained their footing,” said Peter Rothemund, Co-Head of Strategic Research at Green Street. “With commercial real estate priced fairly vs. corporate bonds, the trend of little-to-no change in pricing is likely to continue.”
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
April 4, 2024