Commercial Property Price Index®
Pan-European Commercial Property Price Index
Property Prices Fall Another 1% in February
Newport Beach, CA, March 6, 2023 — The Green Street Commercial Property Price Index® decreased by 1.4% in February. This all-property index has fallen 15% from its March ’22 peak, while the index tracking properties in core sectors is down 18%.
“Property prices are fighting against higher interest rates at both ends of the yield curve, and that’s a battle they’re not going to win,” said Peter Rothemund, Co-Head of Strategic Research at Green Street. “On average, pricing has fallen about 15% from its peak of a year ago, and unless we get some rate relief in the fixed-income markets it’s likely we’ll see further declines.”
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
Download CPPI® Report Download CPPI® DataAll 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
March 6, 2023