On a point-in-time basis as of early February, the firm reports the following index levels, one-month and 12‑month changes and drawdowns from 2022 peaks:

Apartments carry an index value of 154, were flat in January, are unchanged over the past 12 months and stand 19% below their 2022 peak.
Industrial sits at 221.3, was flat in January, is up 2% over the past year and is 13% below its 2022 high.
Malls, including outlet centers, have an index of 91, were unchanged on the month, are flat over 12 months and 7% below their peak.
Office is at 74 and saw no change in January, is up 2% over 12 months but remains 35% below its 2022 high.
Strip retail stands at 122.7, is flat on the month, up 5% over the past year and 7% below its peak.
Data centers are at 115.6, flat in January, up 5% over 12 months and 10% below the peak.
Health care is at 132.3, flat in January, up 5% over the past year and 12% below its peak.
Lodging is at 101.9, unchanged on the month, flat over 12 months and 10% below its peak.
Manufactured home parks are at 285.8, flat in January, up 3% over the past year and 12% below their peak.
Net lease assets stand at 94.6, unchanged on the month, flat over the past year and 18% below their peak.
Self-storage is at 247.4, flat in January, up 2% over 12 months and 21% below its high.

The short-term pattern is striking: across every sector Green Street tracks, the reported January change is zero. Over the past year, most sectors have delivered low- to mid-single-digit appreciation at best, with several flat and none posting double-digit gains.

Instant Insights /

Green Street Data Show Stabilized Pricing, Not A New Rally

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