NEWPORT BEACH, CA—The Green Street Commercial Property Price Index increased by 2% in November. Reflecting values for institutional-quality properties owned by REITs in the five major sectors, the index issued each month by locally based Green Street Advisors has gone up 10% over the past 12 months. Now standing at 115.4, it’s slightly more than 15% above the August 2007 peak.

In the most recent US Capital Trends Report, issued about two weeks ago, Real Capital Analytics reported that cap rates declined between five and 10 basis points during the month of October across most property types. In the case of multifamily, for instance, RCA said they’ve declined to just under 6%, with garden-style apartments showing the steepest compression.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.