The Green Street Commercial Property Price Index held steady across all asset types in April. The firm’s all-property index is up just 0.2% this year, in stark juxtaposition to last year’s 24% increase. 

“Commercial property prices are not going up anymore, but for the most part, they’re not going down either,” said Peter Rothemund, Co-Head of Strategic Research at Green Street. “That’s about as good as one could hope for in this environment, and a lot better than bonds and stocks, which have both lost about 10% in value as interest rates have increased.”

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