[IMGCAP(1)]
NEWPORT BEACH, CA—Property values are 11% above August '07 peak and have risen 7% in the last 12 months and 2% since July. The Green Street Commercial Property Price Index increased by 2% in August.
According to Peter Rothemund, an analyst at Green Street, “Declining cap rates and higher operating income have been pushing values higher. That's likely to continue. Real estate pricing looks rather compelling when compared with the returns available on competing fixed-income investments.”
Green Street's CPPI is a time series of unleveraged US commercial-property values that captures the prices at which commercial real estate transactions are currently being negotiated and contracted. Features that differentiate this index are its timeliness, its emphasis on high-quality properties and its ability to capture changes in the aggregate value of the commercial property sector.
As GlobeSt.com reported in August, commercial property prices remained strong in July as interest rates remained low, according to Green Street. The independent research, trading and consulting firm reported that its commercial property price index was unchanged in July, staying on the same robust track it had been on for several months.
[IMGCAP(2)]
[IMGCAP(3)]
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.
