Commercial Property Price Index: April, 2024

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.”