Commercial Property Price Index Inches Higher in July
August 8, 2017 | James Sprow | Blue Vault
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.
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