Commercial Property Price Index®
Pan-European Commercial Property Price Index
Commercial Property Market Stuck in the Mud
Newport Beach, CA, June 6, 2023 — The Green Street Commercial Property Price Index® increased by 0.1% in May. The index, which tracks the pricing of institutional-quality commercial real estate, is down 15% from its March ’22 peak.
“There’s not much transacting these days because buyers and sellers can’t seem to agree on pricing,” said Peter Rothemund, Co-Head of Strategic Research at Green Street. “These situations eventually resolve themselves, and usually it’s in favor of the buyers. Those buyers are demanding a roughly 15% discount from peak pricing, though that amount varies by property type.”
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
June 6, 2023