Elevated Treasury Yields to Keep Pricing in Check

Newport Beach, CA, April 7, 2026 — The Green Street Commercial Property Price Index® increased 0.4% in March. Over the past twelve months, the all-property index has increased 2.6%.

“I think a lot of investors were hoping that interest rates would be lower by now, and that cap rates would be too, but it hasn’t played out that way,” said Peter Rothemund, Co-Head of Strategic Research at Green Street. “The yield on the 10-year briefly fell below 4%, but the war with Iran has pushed Treasury yields up again. In that environment, we’re unlikely to see any increase in real estate pricing.”