Commercial Property Price Index Inches Higher in July

August 7, 2017

Commercial Property Price Index Inches Higher in July

 August 8, 2017 | James Sprow | Blue Vault

Growth Rise Up Chart

The Green Street Commercial Property Price Index inched higher in July. Over the past year, the index is little changed, as higher cap rates have offset growing rental income.

“Some property types are doing better than others, but, in aggregate, pricing has flattened out recently,” said Peter Rothemund, Senior Analyst at Green Street Advisors. “Industrial, apartment and life-science values have moved higher over the past few months, while retail and storage have declined.”

Using the July 1, 2013 index value as 100.0, the July 1, 2017 value was 125.9, indicating a 25.9% rise over four years, or an average of 5.93% annual appreciation over that time period. Since January 1, 2017 the index has actually fallen from 126.7 to 125.9, a drop of roughly 0.6% year-to-date in 2017.

The Green Street article can be found here.

Print Friendly, PDF & Email
Go Back
Second Annual Blue Vault Broker Dealer Educational Summit 2016
Broker Dealer Educational Summit 2016
April 14, 2016

The Blue Vault Summit could not have been more perfectly timed. This gathering of the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage points. These conversations are paramount, especially in a time of significant regulatory change.