Property Values Up Almost 5% This Year

Newport Beach, CA, December 5, 2024 — The Green Street Commercial Property Price Index® increased 1.5% in November. The all-property index has increased 4.8% over the past twelve months.

“It’s been a good year for property prices; overall, values have risen about 5% this year,” said Peter Rothemund, Co-Head of Strategic Research at Green Street. “But Treasury yields have increased over the past three months, and that’s likely to temper things. We expect cap rates to hold at current levels for a while.”