Baselines are everything when calculating values over time. That includes property prices and where they're heading.

Trepp did a recent analytic update of its Trepp Property Price Index (TPPI), which measures CRE price movements over time. "It is constructed based on proprietary CRE transaction data from Trepp and its partners using a repeat sales methodology," they wrote. "In total, we calculated 569,900 repeat sales since 2000 and have added 9,192 new sale pairs in 2024 Q1. The index is equally weighted, ensuring a balanced representation of various property types and price tiers across the CRE market."

They had produced composite figures. Now they are also generating sector-specific figures for multifamily, office, retail, industrial, and lodging.

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