Commercial Property Price Index
Pan-European Commercial Property Price Index
Property Prices Likely to Rise in 2021
Newport Beach, CA, January 7, 2021 — The Green Street Commercial Property Price Index was unchanged in December. For the year, the all-property price index declined 8%. Price changes were not uniform across property types. Industrial and manufactured home park values increased about 10% in 2020, while pricing of sectors hardest hit from the pandemic fell 15-25%.
“Property pricing ended the year down almost 10% on average, but that’s a better outcome than many expected earlier in the year,” said Peter Rothemund, Managing Director at Green Street. “A quicker-than-expected return of economic activity and remarkable success on the vaccine front played important roles, but the largest support for pricing has come from even lower interest rates. With rates so low across the board—Treasuries, investment grade, high yield—it is easy to see real estate prices increase from here.”
Learn more about the changes to our 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%).