Search
 

Industrial Beats All in Pricing Gains

“Commercial property values have, for the most part, been steady, but performance depends on the type of property,” says Green Street Advisors’ Peter Rothemund.

Peter of Peter Rothemund Rothemund says that for most property types, pricing is “little changed of late.”

NEWPORT BEACH, CA—Pricing as measured by the Green Street Commercial Property Price Index was essentially unchanged in January, Green Street Advisors said Tuesday. The index, which measures values across five major property sectors, has declined by 1% over the past year, and was up 25.8% over the prior 2007 peak.

“Commercial property values have, for the most part, been steady, but performance depends on the type of property,” says Peter Rothemund, senior analyst at Green Street. “Industrial pricing continues to set new highs, while strip retail values have recently moved lower. Other property types are little changed of late.”

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?

NOT FOR REPRINT

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

Paul Bubny

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

More from this author

Recommended Stories

GlobeSt

Join GlobeSt

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

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

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