CRE analytics firm Green Street reports that its Commercial Property Price Index declined by 3.7 percent in June. Among its sector-level indexes, “Strip Retail” and “Net Lease” showed the biggest declines (-7 percent) over the past month, whereas the “Health Care” index declined by only two percent. Notably, the sector-level indexes indicate significant price appreciation in the “Industrial” (+42 percent) and “Self-Storage” (+58 percent) indexes from pre-COVID values.

According to Green Street, its 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.”

Last Updated on July 18, 2022 by Ramin Seddiq