It's hard to remember that basic truth of Newtonian physics that what goes up, unless snagged by a high-flying eagle, eventually returns under force of gravity. On the whole, that's what happened to commercial real estate property prices according to the Green Street Commercial Property Price Index in the second quarter of 2022.
The index—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"—dropped by 3.7% between May and June. The total drop from a high in March has been 4.9%.
That's still an overall increase of 10% over the last 12 months is 10%, up 9% since pre-covid times.
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