Commercial Property Price Index®
Pan-European Commercial Property Price Index
Commercial Property Prices Up 1% This Year
Newport Beach, CA, June 6, 2024 — The Green Street Commercial Property Price Index® increased 0.7% in May. The all-property index—a measure of pricing for institutional-quality commercial real estate—has increased 1% this year and is now 21% below its March ’22 peak.
“Property pricing this year has trended in line with our expectations,” said Peter Rothemund, Co-Head of Strategic Research at Green Street. “By the end of last year, real estate prices had finished adjusting to higher interest rates, and pricing has been stable since then. We expect that 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
June 6, 2024