Property Prices Up 4% Over the Past

Newport Beach, CA, June 4, 2026 — The Green Street Commercial Property Price Index^® increased 1.6% in May. Over the past twelve months, the all-property index has increased 4.1%.

“Property prices have been creeping higher due to NOI growth and, in a few sectors, lower cap rates,” said Peter Rothemund, Co-Head of Strategic Research at Green Street. “Looking forward, the increase in Treasury yields over the past three months is a headwind. Pricing is likely to drift sideways for a bit.”

About the Green Street Commercial Property Price Index® | Green Street’s Commercial Property Price Index® is a time series of unleveraged U.S. commercial property values that captures the prices at which commercial real estate transactions are currently being negotiated and contracted. Features that differentiate this index are its timeliness, its emphasis on high-quality properties, and its ability to capture changes in the aggregate value of the commercial property sector.

About Green Street | Green Street is a forward-thinking real assets intelligence company at the forefront of transforming the commercial real estate market with cutting-edge predictive analytics, data-driven insights, and actionable intelligence. With over 40 years of expertise, Green Street empowers investors, lenders, and stakeholders across the U.S., Canada, Europe, the UK & Ireland, and Australia to make optimized investment and strategic decisions.