Newport Beach, CA— The Green Street Commercial Property Price Index increased by about one-half of a percent in June. Property appreciation has gained momentum over the past few months and values are now at or above ’07 highs in nearly every major property sector.
“Cap rates are starting to move lower again. They’re down 10-20 bps over the last three months, and consequently, property values are higher” said Peter Rothemund, an analyst at Green Street Advisors. “That pattern – lower cap rates and higher values – is likely to continue. Interest rates that are near historic lows will push property values higher.”
About the Green Street Commercial Property Price Index (GS CPPI) 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.
Green Street CPPI: All-Property Index
The Green Street Commercial Property Price Index increased by about one-half of a percent in June. Property appreciation has gained momentum over the past few months and values are now at or above ’07 highs in nearly every major property sector. Change in Commercial Property Values
Green Street Commercial Property Price Index Fact Sheet
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.